On December 23rd, COINOTAG News reported intriguing statistics from Twitter user @sankin_eth, revealing a nuanced landscape in the crypto market following the recent listing of 29 tokens on Binance Alpha.
XRP price started a fresh decline from the $2.38 zone. The price is consolidating and might struggle to start a fresh increase above the $2.30 resistance zone. XRP price struggled to clear the $2.40 resistance zone. The price is now trading below $2.30 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.25 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move down if it stays below the $2.30 resistance. XRP Price Faces Resistance At $2.40 XRP price started a fresh increase from the $2.00 support level, unlike Bitcoin and Ethereum . However, the bears were active near the $2.38 and $2.40 levels. A high was formed at $2.38 and the price started a fresh decline. There was a move below the $2.30 and $2.25 levels. The price dipped below the 50% Fib retracement level of the upward move from the $1.955 swing low to the $2.383 high. There is also a connecting bearish trend line forming with resistance at $2.25 on the hourly chart of the XRP/USD pair. The price is now trading below $2.30 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.20 level. The first major resistance is near the $2.25 level. The next resistance is $2.30. A clear move above the $2.30 resistance might send the price toward the $2.40 resistance. Any more gains might send the price toward the $2.50 resistance or even $2.550 in the near term. The next major hurdle for the bulls might be $2.620. More Downsides? If XRP fails to clear the $2.25 resistance zone, it could start another decline. Initial support on the downside is near the $2.12 level or the 61.8% Fib retracement level of the upward move from the $1.955 swing low to the $2.383 high. The next major support is near the $2.050 level. If there is a downside break and a close below the $2.050 level, the price might continue to decline toward the $2.00 support. The next major support sits near the $1.880 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.120 and $2.050. Major Resistance Levels – $2.25 and $2.30.
BNB to Close 2024 Strong? ATH Push Heats Up While Uniswap Faces Fresh Rivalry BNB and Uniswap have turned in scintillating gains in December—but both have cooled off in a big way as December comes to an end. Nevertheless, their respective December runs have been nothing short of a success after a new BNB ATH was minted at $793 and Uniswap price action resulted in a solid 32% gain in the past month. However, the smart money is already on to the next big crypto—and they’re buying in big to the best presale left on the board this year with the launch of cross-chain DeFi protocol Lunex Network . Here’s why. Cross-chain DeFi protocol Lunex offering big-time gains in 2025 The future of crypto is multi-chain. And one new presale investment opportunity offers way better upside than BNB and Uniswap—even with new BNB ATH and strong Uniswap price action. Low caps, after all, offer significantly greater potential to skyrocket in value than big caps—and that’s exactly what newcomer cross-chain DeFi protocol Lunex Network brings to the table with its presale. Lunex enables users to seamlessly bridge, sell, and swap over 50,000 trading pairs across 40 blockchains, simplifying the user experience across the board with its hybrid model. Through its Lunex Wallet, users can conduct complex trades while maintaining complete control of their digital assets without having to connect to third-party apps that expose their digital assets to fraud. Lunex users will be able to leverage its self-custodial wallet for the most economical cross-chain swaps through its liquidity aggregator partners, while its native token $LNEX can be staked directly through the self-custodial wallet for passive income. Given its ability to onboard new users into the DeFi fold, $LNEX could be in for a major pump. That makes its presale launch one of the best investment opportunities as the year draws to an end. New BNB ATH and robust Uniswap price action hints at strong finish Not too long ago, BNB holders were ecstatic after a new BNB ATH of $793 was hit at the beginning of December. But the BNB ATH train hasn’t stopped yet. Even as prices have come back down to earth at the $680 range, the Binance-adjacent L1 protocol is still up 4% on the month. It was all just a matter of time before traders cashed in on the BNB ATH. On-chain volume suggests another strong finish for BNB to close out the year. Nothing ever goes up in a straight line forever, but a BNB ATH retest is most definitely well within the cards in 2025. Uniswap price has followed the same trajectory. Uniswap notably pumped hard throughout November and December, with Uniswap prices following Ethereum’s rise to $4000. As Ethereum pulled back to $3300, so has Uniswap. Uniswap is down 32.5% in the third week of December, trading at the $11 range. If Ethereum pumps and retests its ATH in 2025, holders can expect Uniswap to pump along with it. Conclusion BNB and Uniswap have pumped in 2024, and traders have already taken profit. While a strong finish could still be in the cards, the risk to reward ratio isn’t worth it. The smart money is favoring new crypto projects that haven’t mooned yet—making Lunex an infinitely superior investment prospect for investors looking for real gains in 2025. You can find more information about Lunex Network (LNEX) here: Website: https://lunexnetwork.com Socials: https://linktr.ee/lunexnetwork
Bitcoin Cash community member and self-described “freedom maximalist” minisatoshi has released a detailed trajectory of Bitcoin, tracing it’s path as P2P permissionless cash from 2009 to the present. Major world powers and politicians may be investing and holding BTC, but bitcoin cash is aiming to expand and follow through on Satoshi Nakamoto’s original vision: money for anyone, able to scale and work for low fees. While Blackrock bros continue to toot their Trump-ets about a compromised, NGU coin, and MicroStrategy’s Michael Saylor unbelievably posts vids that say there’s “no guarantee” bitcoin’s 21 million supply cap won’t be changed (destroying the currency’s soundness), development on BCH pushes forward in determined, relative silence — but not without enthusiasm. After all, permissionless money for the world is just as exciting as when Satoshi Nakamoto initially floated the radical idea back in 2008. And let’s make no mistake: it’s always been about payments , whether one likes it or not. And that fact has, of course, resulted in a historical schism in the Bitcoin community, and created a hard fork. On one side, the Saylor/Blackrock camp saying Bitcoin is not a currency but just a kind of digital property, and on the other, those that understand the whitepaper. A tweet from X user Unstoppable Cash citing the Bitcoin whitepaper. Still, even for those on board with the purely peer-to-peer (P2P) version of electronic cash that doesn’t require any financial institution, 2nd layer network, or deep pockets for heavenly fees , keeping up with bitcoin cash upgrades that have preserved the pseudonymous Nakamoto’s vision can be tough, especially in an online sea of grift-y, Kiyosaki fear-mongering posts and internet trolls trying to mock anyone who still wants to actually buy something with the stuff. Not everyone is in the market for a Lambo, by the way, or is transferring hundreds of thousands of dollars overseas. Some folks can barely afford shoes, and Bitcoin was supposed to be about helping them as well. Some folks want to buy a coffee, a beer, or a new winter jacket with crypto. Minisatoshi’s Upgrade History and Fork Map Luckily, BCH community member minisatoshi has an excellent resource at the ready for anyone who wants to follow the history of bitcoin cash upgrades. And that’s not all — there’s also an epic and fairly exhaustive BTC fork chart for crypto historians comparing BTC to BCH. Minisatoshi’s timeline starts with Bitcoin’s Genesis Block and goes from there, right up to the present era. So whether one is a fan of BCH, an absolute hater, or anything in between, minisatoshi’s resources provide a unique glimpse into the trajectory of the most groundbreaking economic concept to emerge in modern history. The Bitcoin Cash upgrade timeline was released relatively recently and comes ahead of the approaching May 2025 upgrade for the network, which will bring the “VM Limits” and “BigInts” changes that aim to streamline and enhance BCH’s relatively new UTXO (unspent transaction output) smart contract capabilities. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
The post Metaplanet Expands Bitcoin Holdings to 1,761.98 BTC Following $60.70 Million Investment appeared first on Coinpedia Fintech News Metaplanet, a Japanese investment firm, has made another major addition to its Bitcoin holdings, purchasing 619.70 BTC for 9.5 billion yen (Approximately $60.70 Million) . Following this acquisition, the company’s total Bitcoin holdings have now reached 1,761.98 BTC. The average purchase price for the latest transaction was 15,330,073 yen per Bitcoin. With this move, Metaplanet’s total investment in Bitcoin now amounts to 20.872 billion yen, with an average purchase price of 11,846,002 yen per Bitcoin. This move further strengthens Metaplanet’s position as a major player in the cryptocurrency space. Metaplanet said that the Company has strategically grown its total Bitcoin holdings through capital market activities and purchases funded by operating revenues. Metaplanet took to its official X handle and shared a statement regarding the recent purchase. They also addressed recent speculations regarding its Bitcoin Treasury business. The company clarified that it has not issued convertible bonds in connection with its Bitcoin holdings. However, Metaplanet added that, as outlined in its “Notice Regarding the Launch of the Bitcoin Treasury Business” dated December 18, 2024, the firm may consider using bonds convertible into common stock as part of its fundraising strategy in the future. メタプラネットが追加で619.70ビットコインを購入。 pic.twitter.com/xgatgn6YzJ — Metaplanet Inc. (@Metaplanet_JP) December 23, 2024 Additionally, Metaplanet has announced the adoption of Bitcoin Yield (BTC Yield) as a Key Performance Indicator (KPI) to assess its business performance. The company believes that using BTC Yield as a KPI will provide investors with greater transparency regarding its decision to finance Bitcoin purchases through issuing additional common stock or convertible instruments. “We intend to measure the performance of our strategy to acquire Bitcoin in a manner that we believe will benefit our shareholders,” the statement read. Metaplanet has been compared to MicroStrategy due to its frequent Bitcoin purchases. The firm has been increasing its Bitcoin reserves since May 2024 as a strategy to mitigate economic challenges in Japan, particularly those affecting the yen.
The recent surge in Spot Bitcoin ETF inflows is reshaping the market, highlighting a stark divide between institutional demand and miner output. This unprecedented growth in ETF inflows, totaling $423.6
Spot Bitcoin ETFs recorded $423.6 million in inflows this week, doubling miner production.
COINOTAG News reports that on December 23rd, significant movements in the cryptocurrency market were observed, particularly involving the ARB token. As per data from The Data Nerd, a wallet potentially
o Trump Fires Powell could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Trump Fires Powell (TRUMPPOW), a new Solana memecoin that was launched today, is set to explode over 15,000% in price in the coming days. This is because TRUMPPOW 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, Trump Fires Powell 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 Trump Fires Powell could become the next viral memecoin. Trump Fires Powell 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 Trump Fires Powell 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 Trump Fires Powell by entering its contract address – FWmVybuoRxJ79ZDHJ3Y8efeYsHsKL4qMNwJP8rCDsfmB – 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 TRUMPPOW. 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 cryptocurrency market today continued to show bearish momentum, with Bitcoin (BTC) falling below $95,000. The global crypto market dropped by approximately 2% to $3.27 trillion, while trading volume decreased by 15%, now at $138 billion. The fear and greed index fell from 59 to 54, reflecting a neutral sentiment. Major altcoins also experienced declines of 2% to 5% over the past 24 hours. Movement (MOVE) price plummeted by 20%, and Hyperliquid (HYPE) followed with a 19% drop. Notably, HYPE had been the top gainer for the past two days, recently entering the top 20 in market capitalization. In positive news, pro-Bitcoin former US President Donald Trump appointed Bo Hines as the Executive Director of the Presidential Digital Asset Advisory Committee. This committee led by Chairman David Sacks aims to drive innovation and development in digital assets. Let’s delve deeper into the performance of top cryptocurrencies as reflected in the crypto prices today on December 23. Cryptocurrency Market Today: BTC, ETH, XRP, and SOL See Declines Bitcoin (BTC) price has been falling for three consecutive days, dropping from $99K to $94K. Major altcoins are following the same downward trend, with Ethereum (ETH) down by 2% and XRP falling by 4%. Meme coins are also mirroring Bitcoin’s path, declining by 2% to 4% in the last 24 hours. Bitcoin Price Today In the cryptocurrency market today, Bitcoin (BTC) is trading at $94,686, marking a 2% drop in the last 24 hours. Its 24-hour low and high were $93,797 and $97,371, respectively, with a market cap of $1.88 trillion and $46 billion in trading volume. In other news, Peter Schiff, the well-known gold investment enthusiast, proposed an alternative plan for a strategic Bitcoin reserve . This proposal has sparked further discussions in the cryptocurrency market today, reflecting growing debates in the space. Ethereum Price Today Ethereum (ETH) price was trading at $3,284, reflecting an approximate 2% drop in the last 24 hours. Its 24-hour low and high were $3,220 and $3,401, respectively, with a market cap of $394 billion and $26 billion in trading volume. Ethereum’s market dominance stands at 12%. In other news, a crypto analyst has posted that an expert predicts the recent Ethereum price crash was the last one, paving the way for a potential bull rally to five digits . This prediction has sparked optimism among investors, anticipating a recovery in the near future. XRP Price Today XRP price today was trading at $2.18, with a 2% drop in the last 24 hours. Its market cap is $124 billion, making it the 4th largest cryptocurrency by market cap. Ripple Labs CTO David Schwartz recently shared insights about the company’s RLUSD stablecoin . He discussed how the stablecoin could benefit users and developers, marking a significant step for Ripple’s product offerings. Solana Price Today SOL price was trading at $182, with a 24-hour low of $176 and a high of $187. The market cap is $87 billion, with $4 billion in trading volume, reflecting the cryptocurrency’s solid presence in the market today. Meme Coin Prices Today Meme coin sector has followed the same bearish trend, with Dogecoin (DOGE) down by 3% in the last 24 hours, trading at $0.3173. Shiba Inu (SHIB) also saw a 2% drop, trading at $0.00002177. On a more positive note, other notable meme coins like PEPE, BONK, and WIF are showing gains ranging from 1% to 4% in the last 24 hours. A crypto analyst recently tweeted about Shiba Inu’s potential price movement , emphasizing a critical support level. Top Crypto Gainers Prices Today Aave AAVE price has seen a 9% increase in the last 24 hours, now trading at $324. Its 24-hour low and high were $292 and $323, respectively, with a market cap of $4.86 billion. The price surge reflects AAVE’s strong performance in the cryptocurrency market today. FTX Token FTT price was up by 8% in the last 24 hours, now trading at $3.047. Its 24-hour low and high were $2.782 and $3.068, respectively, reflecting positive movement in the cryptocurrency market today. Algorand Algorand (ALGO) price was trading at $0.35, reflecting a 7% increase in the last 24 hours. Its 24-hour low and high were $0.3181 and $0.3625, showing notable price movement. Top Crypto Losers Prices Today Movement MOVE price was the worst performer today, showing a significant 20% drop. After several days of bullish momentum, it was trading at $0.75, with a 24-hour low of $0.71 and a high of $0.92. Hyperliquid HYPE price was the second-worst performer today, with a 19% drop in the last 24 hours. It was trading between a low of $25.51 and a high of $34.99. Despite recent drops from certain coins, the cryptocurrency market is showing some bullish momentum. Bitcoin (BTC) is up by 2% in the last hour, with Ethereum (ETH), XRP, and major altcoins following suit, gaining 2% to 4% in the same time frame. This shift suggests renewed market optimism in the short term. The post Cryptocurrency Market Today Dec 23: BTC At $94K, MOVE Down 20%, HYPE Falls 19% appeared first on CoinGape .