While Solana (SOL) and BNB (BNB) battle consolidation, smart investors are finding a hidden gem in the crypto market. Offering ROIs much above its rivals, the revolutionary decentralized exchange Lunex Network (LNEX) is generating great investment interest thanks to its unmatched security, privacy, and cross-chain capabilities. Could this under-the-radar token outperform top crypto coins like BNB (BNB) and Solana (SOL) as analysts estimate exponential increases for LNEX in this bull cycle? Read on to find out why experts think Lunex Network might be the most rewarding investment choice this cycle. Lunex Network (LNEX) Offers Secure and Anonymous Trading Providing a rare mix of security, anonymity, and cross-chain efficiency, Lunex Network distinguishes itself in the competitive decentralized exchange (DEX) sector. Lunex Network guarantees top-tier security by means of a comprehensive audit by SOLIDProof , therefore ensuring that its smart contracts are free from major flaws. Maintaining some of the lowest transaction fees in the industry, Lunex Network lets users immediately trade over 50,000 coins across more than 40 blockchains. Lunex Network also gives Web3 developers access to 65+ RPC nodes, therefore providing a flexible toolkit for growth inside the ecosystem. Lunex Network provides a safe, anonymous platform that safeguards user data while enabling flawless crypto transactions for privacy-conscious traders wishing to evade invasive KYC processes. For investors, Lunex Network offers a promising prospect given that LNEX is priced at just $0.0046 in the presale. Meanwhile, those who bought LNEX at $0.0012 have already achieved a 283% ROI and analysts project an additional 300% surge before the presale ends. BNB (BNB) Displays Strong Bullish Momentum Over the past week, the BNB price has barely increased by 2% . The BNB price is currently ranging between $738 and $696. Driven by BNB’s (BNB) outstanding performance over the previous month, the community is overwhelmingly optimistic. The altcoin soared by more than 15% during this period, according to the BNB price chart, and on December 4 it reached a new all-time high (ATH) of $793. Although BNB (BNB) has already dropped by 10% from this height, experts see this as a reasonable pullback with hopes for a rally to reach $800 before the year ends. Strong technical indicators like the MACD, Awesome Oscillator, and Moving Averages—all of which point to ongoing purchasing pressure on the BNB price chart—help to support the positive outlook for the altcoin. Additionally, analysts are forecasting BNB (BNB) to reach the much-expected $1,000 milestone in this cycle. Solana (SOL) Bulls Set Eyes on a $300 Breakout Since it declined over 5% in the past week and more than 10% over the past month, the Solana price has lately shown negative days. The Solana price has been fluctuating between $235 and $210 among these falls. Holders are worried about this bearish behavior, but some hope was rebuilt following the bullish rejection on the Solana price chart at the $205 support level. Meanwhile, several analysts expect a retest of Solana’s all-time high (ATH) before the year ends. Strong technical signals support the argument for a possible comeback. The MACD and Moving Averages both provide a purchasing signal on the Solana price chart, suggesting that the altcoin may soon rally once more. The prospect of a breakout to the $300 level before the year ends excites investors especially as Solana (SOL) starts to show indications of rebuilding bullish momentum. One of the bullish patterns observed is how Solana (SOL) has seen multiple rejections around the $220 to $204 support zone. Lunex Network Set To Outshine BNB and Solana While Solana (SOL) eyes a $300 breakthrough and BNB (BNB) aims for new highs, Lunex Network (LNEX) is quietly transforming decentralized trading—and early investors are benefiting. Lunex Network is redefining the DeFi space with its unsurpassed security, anonymity, and cross-chain adaptability. Unlike BNB (BNB) and Solana (SOL), LNEX promises early exponential gains as analysts estimate a startling 1,800% increase in the next few months when the token launches on several Tier-1 exchanges. You can find more information about Lunex Network (LNEX) here: Website : https://lunexnetwork.com Socials : https://linktr.ee/lunexnetwork
The new meme coin Crypto All-Stars continues its presale with over $21 million raised. The
The U.S. SEC has approved proposed rule changes by Nasdaq and Cboe BZX to list and trade the…
The post FOMO Alert: This New Viral Altcoin Gains Momentum As Whales Exit Meme Coins Like Dogecoin and Dogwifhat appeared first on Coinpedia Fintech News Recent reports indicate that whales have been exiting meme coins like Dogecoin and Dogwifhat in droves. Meme coins are having a subpar performance and their upside has likely reached a peak after strong November gains. Both Dogecoin and Dogwifhat are down on a weekly and daily basis at the time of writing. Meanwhile, the Rollblock (RBLK) presale continues to gather momentum, with $7.3 million raised so far. The pioneering GambleFi protocol aspires to disrupt a $450 billion industry with a decentralized solution to return profits to players and investors instead of centralized insiders. Whales Fear Missing Out On Rollblock One reason large investors are moving away from meme tokens to presales like Rollblock is the market use case. Rollblock has a clear market proposition tackling centralized gambling, which retains all of the profits. It offers over 7,000 gaming opportunities for players and recently added a lucrative sports betting feature. All of this is supported by Rollblock’s revenue share model. Every week, Rollblock will use 30% of revenue to buy back $RBLK tokens on the market. 60% of the purchased tokens are burned to promote price appreciation. The remaining 40% are used in the form of staking rewards. Token holders can earn up to 30% APY via staking alone. The redistribution of earnings is a huge incentive to players, who will also benefit from instant crypto deposits. Rollblock is 100% licensed and verified and uses blockchain technology to make transactions irrefutable. The presale offers a limited-time 20% token bonus and the coin already retails at a discount. Currently priced at $0.0415, the RBLK token will appreciate to $0.047 in the next round. In total, analysts predict a 720% increase from the start to the end of the presale, with early investors already seeing huge returns. Dogecoin Disappoints Token Holders News about Elon Musk’s appointment as head of the Department of Government Efficiency (DOGE) initially helped to increase the price of Dogecoin. Selling for $0.10 in early November, Dogecoin shot to $0.42 in mid-December, a 4x increase. But it is unlikely to rise much further and is down 3% over the past week. Such a large November rally will be hard to sustain without a retracement, and Dogecoin currently trades at $0.39, about 60% of its ATH. Moving forward, DOGE’s upside potential remains limited compared to other coins. Nonetheless, there are some positive indicators. Meme coins are known to lag a little when it comes to Bitcoin-led rallies. Moreover, 5.8 million Dogecoin have been recently reactivated, which could have a positive price impact. Dogwifhat Drops 14% In 7 Days Down 14% last week and 8% in 24 hours, Dogwifhat is faring even more poorly than Dogecoin. Dogwifhat does not have Elon Musk’s support or the first-mover effect of Dogecoin. This Dogwifhat price decline occurred despite positive news for the ecosystem, including WIF/USDT trading on the Binance US exchange on December 11th. In other bearish news for Dowwifhat, a whale offloaded $3.4 million worth of tokens to Coinbase last week. Acquired nearly a year before, the whale recorded an impressive 9x profit, purchasing the tokens for only $390,000. With the current retracement in the altcoin market, it seems to have been a timely move. Rollblock Going Viral As Top Altcoin Alternative With volatility in the crypto markets, whales are choosing to migrate to presales that offer both early bird pricing and better price potential. Analysts predict Rollblock to 100x or more after the presale completes in early 2025 and neither Dogwifhat nor Dogecoin can offer comparable returns. Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today! Website: https://presale.rollblock.io/ Socials: https://linktr.ee/rollblockcasino
After agreeing to curtail its ambitious Bitcoin initiatives, El Salvador has reached a $1.4 billion loan arrangement with the International Monetary Fund (IMF). The agreement, which needs the approval of the IMF Executive Board, aims to support El Salvador’s reform agenda, boost fiscal and external sustainability, and create conditions for stronger, inclusive growth. IMF Loan Agreement with El Salvador According to the official press release , the program is expected to catalyze additional financial support from the World Bank and regional development banks, bringing the total financing package to over $3.5 billion during the program period. As part of El Salvador’s $1.4 billion deal with the IMF, the government has agreed to scale back its ambitious Bitcoin policies to address financial stability concerns. Legal reforms will make Bitcoin usage optional for private businesses, removing the mandate that had been in place since the cryptocurrency was adopted as legal tender in 2021. Meanwhile, for the public sector, Bitcoin-related activities will be strictly limited, with the government no longer accepting BTC for tax payments. Additionally, the state-run Chivo wallet, which facilitated Bitcoin transactions for citizens, will see its government involvement gradually phased out. These measures are intended to mitigate risks associated with Bitcoin’s volatility and safeguard financial integrity, as per IMF’s statement. The program also includes improved transparency, regulation, and oversight of digital assets to protect consumers and investors while maintaining financial stability. By taking a step back from its cryptocurrency experiment, the Salvadoran government aims to rebuild confidence in its broader fiscal policies and align with IMF recommendations, a move expected to attract further international financial support and stabilize the economy. “IMF staff thank the Salvadorean authorities for the excellent collaboration and candid dialogue over the past months in the development of their economic reform program aimed at continuing to improve the prosperity of El Salvador and all of its people.” Criticisms President Nayib Bukele has staunchly advocated for Bitcoin as a key part of his administration’s economic strategy, investing heavily in the cryptocurrency to promote financial autonomy. Despite Bitcoin’s recent surge above $100,000, yielding a whopping 123.67% return on the government’s $269.7 million investment, the IMF’s conditions have compelled El Salvador to alter its BTC strategy. Critics argued that Bukele has now surrendered to the demands of global financial powers. As one financial analyst noted , Bukele’s decision to take a $3.5 billion loan from the IMF has led to accusations of selling out, calling it an ironic shift for someone who once criticized fiat currency. The post El Salvador’s $1.4 Billion IMF Deal Harms its Bitcoin Adoption appeared first on CryptoPotato .
Summary Dogecoin surged over 240% in a few weeks, but recent metrics suggest the gains may have peaked. Network fees for DOGE spiked 330% year-over-year in November but have declined for nearly five weeks, indicating reduced usage. Daily active addresses hit over 1 million in mid-November but have since returned to normal levels, showing a drop in activity. Despite declines in fees and active addresses, DOGE's price remains near recent highs, suggesting a disconnect between usage and price. In the two months since I last covered Dogecoin ( DOGE-USD ) for Seeking Alpha, crypto's oldest 'memecoin' has enjoyed quite the rocket ship ride. Data by YCharts After ripping higher by over 240% in a matter of just a few weeks, I suspect the gains have been had in DOGE. In this update, we'll revisit some of the metrics and indicators I shared in my previous article, look at the technical setup for DOGE, and assess the broader 'memecoin' segment of the market. Revisiting Network Metrics When I wrote This Dog Wants To Run in late-October, there were several very specific on-chain metrics that I felt offered a favorable short-term setup to DOGE bulls. There is no question that we've seen network fees take off for DOGE in the last two months: Dogecoin (Token Terminal) Fees surpassed $552k in November. Which was about a 330% year-over-year gain over November 2023. To be clear, while this is a significant surge for Dogecoin, it's far less than what larger chains like Bitcoin ( BTC-USD ) and Ethereum ( ETH-USD ) typically do for monthly fees. More importantly, following the initial spike in fees in November, the trend in daily fees has been down for close to five weeks. This is indicative of declining usage. Recall what my leading indicator was for the expected rally in DOGE back in October: What I find interesting about this chart is over the last 5 years we've generally seen starts and peaks in active addresses lead price. In early 2021 active address growth lead coin price between March and May. It happened again between November 2023 and March 2024. The same appears to be happening again with Dogecoin active addresses grinding higher by about 20% starting at the beginning of September. To say that daily active addresses exploded following that article would be an understatement: Dogecoin (CoinMetrics) In mid-November, there was a five-day period when the chain had over 1 million DAAs each day. That has never happened on Dogecoin before. The problem is, activity has since fallen right back to normal levels, and yet price remains elevated. The big difference between this active address spike and the one that preceded it in the Spring is DAAs didn't lead price, price led usage. My general view is that it's more indicative of fundamental weakness than strength. But to recap, we now have declines in fees, declines in active addresses, and prices still holding closer to recent highs despite the drops in chain usage. I suspect the price will follow everything else lower. Technicals In October, I shared my technical thoughts on the DOGE price and shared what, I felt, was a clear breakout in a downward diagonal resistance trend line. I see a different signal in the chart now: DOGE (TrendSpider) This is a very different setup following what has been a magnificent rally since the end of October. But traders/investors should not overlook some of the warning signs on this chart. First, DOGE has now re-entered what is essentially a massive air-pocket between 20 cents and 36 cents. There was very little actual price discovery on the way up, and I suspect the same will be true on the way down. But that's admittedly just a guess. The bigger issues are the massive bearish divergences between November 13th and December 9th. The 200-day moving average - currently sitting at 17 cents, shows substantial downside risk if the coin were simply to revisit previous levels. Finally, DOGE isn't even technically oversold yet at a 14-day RSI of 32. This could grind much lower before any 'dead cat' bounce. DOGE/BTC Weekly (TrendSpider) It wasn't just the DOGE/USD chart where we had breakouts back in October. The DOGE/BTC chart also looked quite bullish for Dogecoin when I wrote my last DOGE piece. That too looks exhausted after the sizable move higher. In October, I felt 253 sats per DOGE was a fitting price target. DOGE smashed through that level and went all the way to 492 sats before falling back below 400. At minimum, I believe the market will take DOGE back to 250 sats though I certainly wouldn't rule out another 'overshoot' of that target to the downside since we had one to the upside. Memes and DOGE For me, one of the biggest reasons why DOGE has very limited upside from here (if any) is because there is now too much competition for liquidity in the memecoin segment. With the proliferation of memecoins in the cryptocurrency market, eight of the top hundred cryptocurrencies by market cap are memecoins - and five of those eight memecoins are dog-related. Memecoins (CoinMarketCap) Memecoins actually account for $91.5 billion of the $3.3 trillion total cryptocurrency market cap. Memecoins have been so popular, in part, due to platforms like pump.fun, that Artemis tracks memecoins as an industry segment in its benchmark index: YTD Crypto Benchmark Index (Artemis) At one point in December, the memecoin segment was up almost 400% year to date. Now at just 200% year to date, memecoins have given back almost half their 2024 gains in just a couple of weeks, and yet they're still leading the industry as a category in terms of year to date gains. There is a significant amount of 'extrinsic value' that is potentially going to get unwound in this market, and DOGE will not be immune from that. Closing Thoughts As has occasionally been the case through the existence of the coin, DOGE was a terrific trade back in October. However, the setup is very different now. The fundamental story has deteriorated, with fees and active addresses in clear decline since the November pops. The technical story looks rough in my estimation, judging by the bearish divergences on the DOGE/USD daily chart and the potential weakness against BTC that can be expected on the DOGE/BTC weekly chart. But the bottom line in my view is the harder they come, the harder they fall. Memecoins have owned the year as a segment, judging by percentage appreciation. I suspect 2025 is going to be very different than 2024. If you made bank on this DOGE run, I'd take the win.
Santa Rides Shiba could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Santa Rides Shiba (SANTSHIB), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because SANTSHIB 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, Santa Rides Shiba 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 Santa Rides Shiba could become the next viral memecoin. Santa Rides Shiba 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 Santa Rides Shiba 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 Santa Rides Shiba by entering its contract address – CxpeR8vdgeVWZFwBytS7PRrXHBwVgPJWZBJUcpK3k7vT – 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 SANTSHIB. 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.
The Ton ecosystem is soaring and having a good Ton wallet is your gateway to joining the action. From staking Toncoin to interacting with dApps, the right wallet unlocks several possibilities for you. This article offers a guide to the best Ton Coin wallets available. The post Top 8 TON Wallets In 2024 For Open Network Ecosystem appeared first on CoinGape .
BlackRock, the most dominant asset manager globally, released an advert promoting Bitcoin. However, the advert has since received a backlash from crypto holders due to a disclaimer that questions cryptocurrency’s fixed supply. The video is displayed on BlackRock’s website under the iShares Bitcoin Trust (IBIT) ETF page. The three-minute clip walks viewers through the evolution of money and the key principles of Bitcoin. One of the critical foundations of Bitcoin is its supply, which is fixed at 21 million Bitcoins. While the video, like any advert, explains the advantages of Bitcoin’s fixed supply, there is a part with a disclaimer cautioning viewers about future changes in the supply cap. “There is no guarantee Bitcoin’s 21 million supply cap will not be changed.” The disclaimer is the bone of contention, with Bitcoin maximalists who feel the 21 million Bitcoin supply is a sacred tenet that makes the crypto’s status as “hard money” taking offense. BlackRock leverages controversy to attract publicity The controversial caption runs for about five seconds and fades away, leaving the narrator elaborating on the importance of fixed supply without touching on the disclaimer. Most observers would have skipped the disclaimer, but Michael Saylor, the founder of MicroStrategy, sharing it on his X account on Tuesday was the game changer. Although the disclaimer appears like a footnote in the video, most crypto enthusiasts are raising concerns. One key player in the crypto space, Anatoly Yakovenko, registered his displeasure: This is the problem with tradFi. They see crypto as an investment into a thing external to them. BlackRock and Saylor need to commit that their full nodes will always guarantee a 21m supply, and they will only call the fork that their full nodes follow Bitcoin. ~ Anatoly Yakovenko BlackRock is not making the controversial disclaimer for the time. In June 2023, while filling for the ETF , it had a footnote indicating that “a hard fork could change the source code to the Bitcoin network, including the 21 million Bitcoin supply cap.” The consistent undertone about altering the total supply of Bitcoin is not a comfortable discussion with Bitcoin lovers. Could BlackRock influence changes in Bitcoin supply? There is a say in the marketing and public relations space that publicity is negative or positive publicity. BlackRock’s controversial disclaimer is proving the saying. Bitcoin lovers and most crypto analysts are caught in the middle of this Bitcoin supply debate. Some argue that BlackRock might use its authority as one of the top Bitcoin holders globally to influence changes to the Bitcoin network. However, it isn’t easy to wish away the concerns about undoing the supply cap. Any alteration in the supply might affect Bitcoin’s financial incentive to maintain its status quo as the best crypto. It’s difficult to understand why BlackRock has constantly made it an issue. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
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