Possible Deep Correction Could Push Cardano Price To $0.43, Here’s How

The Cardano price action has continued to stall below the $1 mark in light of corrections in the past seven days. This correction, which played out across the entire crypto industry, saw Cardano break below the $1 mark again on December 18%. Although the broader trend suggests a possible move on the weekly timeframe towards a new all-time high (ATH), recent technical analysis on TradingView has opened up the possibility for a continued correction towards $0.43 before another strong upward move. Current Price Movements Highlight Resistance And Cooling Period According to technical analysis of the Cardano (ADA) price action on the weekly candlestick timeframe, the cryptocurrency has encountered notable resistance around the $1.2046 mark. This resistance has emerged after Cardano’s remarkable 205% surge from $0.4322 in late October to $1.32 in late November. Related Reading: XRP Price Prediction: Wave 2 And 5 Targets Put XRP At $7 And $13 Interestingly, this remarkable price surge saw Cardano form significant lows that serve as support levels for the price. Furthermore, the rally ended up with Cardano entering the overbought zone on the Relative Strength Index (RSI) indicator. The rally culminated in the Cardano price peaking at 82.87 on the RSI, but it has since retraced into a cooling/corrective period where buying pressure is consolidating at the time of writing. Cardano’s consolidation has opened up outlooks as to its next direction, with substantial buying volumes observed in recent trading sessions. Deep Correction Could Test Critical Support At $0.43 While the long-term outlook remains bullish, the analysis highlights the scenario of a deep correction that could send the Cardano price falling further in the short term. With this in mind, the analyst points to support levels that ADA may revisit in the event of a deeper correction. The first key level at $0.7683 has already proven its significance, acting as a reactionary zone in recent price movements. Related Reading: Is Altcoin Season Here Already? VanEck Answers As Bitcoin Price Struggles Below $100,000 Below this, $0.4322 stands as the ultimate support for the current bullish leg. What this means is that ADA has to hold above the $0.43 support level in order for a bullish trajectory to remain valid. Failure to hold above $0.43 is likely to cascade into more price declines at this point and a change into bearish outlook. The analyst also identifies $0.3166 and $0.2427 as primary supports. These levels are Cardano’s lowest support during the previous bear market and are considered less likely to be breached in case of a longer-term decline. Despite the potential for a deep correction, Cardano’s recent market behavior and buying trends suggest a promising long-term outlook. At the time of writing, ADA is trading at $0.912 and has increased by 2% in the past 24 hours. Once the current resistance at $1.2046 is cleared, ADA is well-positioned to challenge its $3.09 all-time high and possibly establish new highs in the current cycle. Featured image created with Dall.E, chart from Tradingview.com

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Donald Saves Crypto (DONALCRY) Solana Memecoin to Surge 18,000% Before Exchange Listing, As PEPE and SHIB Underperform

Donald Saves Crypto could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Donald Saves Crypto (DONALCRY), a new Solana memecoin that was launched today, is set to explode over 18,000% in price in the coming days. This is because DONALCRY 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, Donald Saves Crypto 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 Donald Saves Crypto could become the next viral memecoin. Donald Saves Crypto launched with over $8,000 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 Donald Saves Crypto 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 Donald Saves Crypto by entering its contract address – Gyy3ss5Yj2ioZWuz6BNbDPGUGUxhwoCskRuU2cGo9k2Q – 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 DONALCRY. 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.

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Israel approves six Bitcoin mutual funds, launching December 31

The Israel Securities Authority (ISA) just approved six Bitcoin mutual funds, all set to roll out on December 31. This is the first time Israeli investors will have access to Bitcoin-focused mutual funds. The funds, offered by Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav, and IBI, will all go live at once, per a condition from regulators. Management fees are set between 0.25% and 1.5%, with one fund standing out by actively managing its portfolio to beat Bitcoin’s market performance. For now, transactions will be limited to once a day, although future funds may allow continuous trading. Regulators finally loosen the reins Investment firms have been begging for this moment for over a year. “The investment houses have been pleading for more than a year for ETFs to be approved and started sending prospectuses for Bitcoin funds in the middle of the year. But the regulator marches to its own tune. It has to check the details,” an anonymous investment executive told Calcalist . This follows in the footsteps of the U.S., where the SEC approved spot Bitcoin ETFs last January. Those funds have attracted $35.6 billion in capital while Bitcoin’s value has doubled, making over five new all-time highs this year. Israel’s crypto industry has been bubbling under the surface for years. The so-called “Start-Up Nation” is home to around 174 crypto-focused companies employing 3,800 people, covering areas like blockchain development and algorithmic trading. Despite the innovation, regulatory bottlenecks have held the market back. Israeli banks are still highly skeptical of crypto transactions, citing fears of money laundering and compliance issues. Many banks won’t even process funds derived from crypto, making it a nightmare for investors to comply with tax regulations. The Israel Tax Authority (ITA) introduced a temporary measure in January to allow taxpayers to report crypto profits through special accounts. That measure has been extended until December 31, but it’s a band-aid for a much bigger problem. Alongside Bitcoin mutual funds, Israel has also gotten into Central Bank Digital Currencies (CBDCs). The Bank of Israel has been working on a digital shekel, releasing an architecture paper earlier this year and launching a test environment in May. Economically, Israel is on solid ground. The country posted a $4.96 billion current account surplus in Q2 2024, thanks to strong exports and investment inflows. Analysts predict the surplus could grow to $7.8 billion by the end of the year. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.

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Christmas gift as MOVE, BGB, ZEC lead altcoin gainers

Cryptocurrencies, including Movement, Bitget Token and Zcash, celebrated massive gains as Santa’s gifts showed in significant price rallies on Dec. 25. With Bitcoin (BTC) reclaiming some footing after trading to near $92,000 on Dec. 23, the gains to above $98k…

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Christmas gift as MOVE, BGB, ZEC lead altcoin gainers

Cryptocurrencies, including Movement, Bitget Token and Zcash, celebrated massive gains as Santa’s gifts showed in significant price rallies on Dec. 25. With Bitcoin (BTC) reclaiming some footing after trading to near $92,000 on Dec. 23, the gains to above $98k also cascaded to some altcoins. Buoyed by various factors and catalysts, some alts recorded more than 30% spikes. Among the top coins, Movement (MOVE) , Bitget Token (BGB) and Zcash (ZEC) surged by more than 31%, 18% and 9% respectively. The altcoins led the 100 largest cryptocurrencies by market cap. Gains for most altcoins saw the overall market cap hold above $3.5 trillion — despite a 2% dip in 24 hours. Read more: Bitget Token soars as key indicators send a major warning Crypto’s daily trading volume stood at $156 billion, BTC dominance at 54.5% and the crypto greed & fear index at 62. This latter metric points to overall sentiment remaining bullish amid a potential return to greater risk appetite. Bitcoin bull and mastermind of the MicroStrategy plan Michael Saylor shared his optimism. There is no second-best Christmas gift. pic.twitter.com/M5IP9PRyNt — Michael Saylor⚡️ (@saylor) December 25, 2024 You might also like: 6 Bitcoin funds launch in Israel next week: report Earlier, analysts at QCP Capital summed up the market outlook. According to them, the next few weeks could see altcoins rally amid capital rotation. “BTC remains range-bound below 100k, and history shows we might see the typical quarter-end volatility selloff post-expiry. But if BTC breaks through 100k, volatility could hold firm and spark fresh momentum. Meanwhile, altcoins could steal the spotlight. With #BTC dominance at 58%, a drop below this level might confirm a rotation into alts — similar to what we saw last month with ETHBTC bouncing off 0.032 support.” QCP MOVE, ZEC, and BGB tokens, as well as other highlight performers on the day, included Fartcoin, Solana protocol Raydium, and Virtuals Protocol. On the other end, top losers in the past 24 hours included Hyperliquid, Stellar and Celestia. Read more: Pudgy Penguins PENGU bounced 30% amid Solana activity ATH

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Best New Meme Coins to Join This Week: BTFD Presale’s 50% Bonus Ends Soon, Popcat Gains Traction, and Floki Inu Goes Big on Metaverse!

What if you could take advantage of market chaos to unlock your financial future? As crypto enthusiasts flock to meme coins for their wild returns, three projects are stealing the spotlight: BTFD Coin (BTFD), Floki Inu (FLOKI), and Popcat (POPCAT). While the market is rife with speculation, BTFD Coin is turning heads with its mind-blowing presale performance—$4.5 million raised and counting—and a festive bonus that’s pure gold for smart investors. Meanwhile, Floki Inu is making waves with its metaverse rollout, and Popcat, inspired by a viral meme, continues to attract a loyal following on the Solana blockchain. Let’s break down why these are the best new meme coins to join this week and which one holds the most promise for your portfolio. BTFD Coin (BTFD): Ride the Bull and Claim the Festive Dip Imagine investing in a project that blends the resilience of Warren Buffett’s market strategy with the meme coin hype of the crypto world. That’s what BTFD Coin is delivering, and it’s nothing short of spectacular. The BTFD presale is now in its 12th stage, and early adopters are already celebrating a monumental $4.5 million raised. With over 59 billion coins sold and more than 6,600 holders on board, the BTFD community is proving that buying the dip is more than a meme—it’s a winning strategy. Features That Set BTFD Apart The BTFD project isn’t just about hype. Built on Ethereum, it offers the security, scalability, and liquidity that every serious investor craves. Its P2E game, currently in beta, is another game-changer. While rewards aren’t live in the beta, the immersive gameplay is already drawing players who see this as the next big thing in crypto gaming. Add staking rewards with a 90% APY, and you’ve got a project that combines fun with financial gains. Tokenomics is another strong suit. With a maximum supply of 173 billion coins, 48% allocated for presale, and staking rewards vested to maintain stability, BTFD is structured for long-term success. And let’s not forget the referral program—earn 10% of the raise amount in BTFD tokens if your referral code cracks the top 20. Why the Festive Dip Is a Golden Opportunity Inspired by the 1973 financial crash, where legends like Buffett turned chaos into wealth, BTFD is rolling back prices to $0.000064 for a limited time. With a massive 50.77% discount available until January 5, 2025, and the final listing price set at $0.0006, the potential ROI is a staggering 837.5%. For example, an investment of $4,500 in this stage could yield nearly $42,187 when the coin hits its listing price. Buying BTFD is a breeze. Connect your wallet to the BTFD presale page , don’t forget to enter the bonus code “ BIG50 ”, and grab your discounted coins before this festive deal ends. The Bulls Squad, BTFD’s vibrant community, is ready to welcome you to this movement. Floki Inu (FLOKI): From Meme Coin to Metaverse Giant Floki Inu started as a simple meme coin but has quickly evolved into a multi-faceted ecosystem. In 2024, it launched the Valhalla Metaverse game on the mainnet, a play-to-earn platform that merges gaming with NFTs. Players can earn tokens, level up, and even cash out in real-world currencies, making Floki more than just a speculative asset. Highlights of the Floki Ecosystem Beyond gaming, Floki Inu has rolled out a robust roadmap for 2024. This includes regulated digital banking accounts, Floki debit cards, and integration with DeFi protocols like Venus. These advancements show a clear intent to shift from meme coin status to a utility-driven cryptocurrency. While the token’s price has been relatively stable at $0.00017734, its community-driven initiatives continue to build momentum. However, Floki isn’t without its challenges. Critics argue that its reliance on community sentiment makes it vulnerable to market volatility. But with a strong development pipeline, it’s hard to ignore Floki Inu as a long-term contender. Popcat (POPCAT): The Meme That Keeps Popping Popcat, built on the Solana blockchain, is a crypto project that thrives on its meme origins. With a current price of $0.825076 and a history of hitting an all-time high of $2.06 in November 2024, Popcat has carved a niche for itself in the meme coin universe. Its vibrant community and viral appeal are its strongest assets, making it a favourite among younger investors. What’s Next for Popcat? While Popcat’s charm lies in its simplicity, it’s not without risks. The token’s price predictions vary widely, with analysts forecasting a potential decline to $0.80 by year-end but a surge to $10.09 by 2030. Its reliance on meme culture makes it a double-edged sword—great for viral growth but susceptible to fading interest. Despite these risks, Popcat’s loyal following and steady market performance make it a viable option for those looking to diversify their meme coin investments. Conclusion If you’re seeking to invest in the best new meme coins to join this week , BTFD Coin is the undeniable frontrunner. Its robust presale performance, innovative features like staking and P2E gaming, and a community-driven approach make it a must-watch. Floki Inu’s metaverse ambitions and Popcat’s viral appeal also deserve a place in your portfolio, but BTFD’s festive discount offers a rare chance to buy big and potentially earn huge returns. Don’t wait too long. The market waits for no one, and opportunities like these are fleeting. Join the BTFD presale today, enter “ BIG50 ” for your bonus, and secure your stake in the next big crypto movement. Find Out More: Website: https://www.btfd.io/ X/Twitter: https://x.com/BTFD_COIN Telegram: https://t.me/btfd_coin The post Best New Meme Coins to Join This Week: BTFD Presale’s 50% Bonus Ends Soon, Popcat Gains Traction, and Floki Inu Goes Big on Metaverse! appeared first on TheCoinrise.com .

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Turkish Cryptocurrency Investors Show Interest in Specific Altcoins

Turkish traders face low trading volumes during year-end holidays. Local exchanges show varying interests in altcoins driven by volatility. 21milyon.com provides real-time updates on cryptocurrency volumes and prices. Continue Reading: Turkish Cryptocurrency Investors Show Interest in Specific Altcoins The post Turkish Cryptocurrency Investors Show Interest in Specific Altcoins appeared first on COINTURK NEWS .

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Binance Backs Bitcoin Payment Pilot Proposal in Thailand

Thailand is considering a potential Bitcoin pilot project, proposed by former premier Thaksin Shinawatra, to be tested in Phuket as a tourism-focused sandbox. The proposal has received support from the Binance Thailand CEO, who sees it as a positive step for the country’s competitiveness and ability to attract tech-savvy visitors. However, despite efforts from industry advocates and some political proponents to turn the Kingdom into a digital hub, crypto payments remain outlawed in Thailand by the central bank. Thailand Warming to Crypto? The proposal “reflects not only the momentum of global crypto adoption but also demonstrates that leaders at the highest level are embracing these transformative technologies,” Nirun Fuwattananukul, chief executive of Gulf Binance, told the Bangkok Post before adding: “As more countries adopt digital assets and cryptocurrencies, Thailand must not be left behind,” He continued to state that given the country’s reliance on tourism and foreign inflows, “integrating cryptocurrencies into Phuket’s economy could align well with Thailand’s strategic strengths, potentially attracting tech-savvy visitors and investors.” However, there is currently a division of regulatory oversight in Thailand as payment systems come under the central bank’s jurisdiction, while digital assets are regulated by the Securities and Exchange Commission. Thailand also operates under a restricted currency system, unlike countries like the United States and Japan, which have already implemented Bitcoin payments. Before implementation, several key challenges need to be addressed, and the Bank of Thailand, which has been vehemently anti-crypto in the past, will have ultimate oversight. The central bank needs to thoroughly study the risks, particularly regarding monetary flow and economic stability, and regulatory frameworks need updating through collaboration between the BoT and SEC, which could take time. Consumer protection and anti-money laundering measures also need to be established, according to the report. Foreign Access Restricted The proposal suggests starting with a controlled sandbox environment in Phuket to monitor and assess implications before considering any nationwide adoption. However, the wheels of bureaucracy rotate slowly in Thailand. Additionally, many local payment systems and platforms, such as PayPal and Binance Thailand, are not available to foreigners visiting or residing in the kingdom. Moreover, Thailand’s digital assets market is undergoing a transition from retail to a more institutional focus, Fuwattananukul said in October. At the time, the Thai securities regulator proposed rules that would allow institutional-grade mutual and private funds to invest in crypto products such as US spot crypto ETFs. The post Binance Backs Bitcoin Payment Pilot Proposal in Thailand appeared first on CryptoPotato .

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Singapore, Hong Kong stand out among blockchain heavyweights

A composite index by ApeX Protocol ranked the most blockchain-friendly regions based on patents, jobs, and crypto exchanges.

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Floki looking to launch Floki ETP in early 2025

Floki's ETP launch could further legitimize memecoins in traditional finance, bridging the gap between digital assets and institutional investors. The post Floki looking to launch Floki ETP in early 2025 appeared first on Crypto Briefing .

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