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CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index . The CoinDesk 20 is currently trading at 3644.43, down 0.3% (-9.33) since 4 pm ET on Wednesday. Four of 20 assets are trading higher. Leaders: HBAR (+3.1%) and APT (+2.9%). Laggards: AVAX (-3.7%) and ICP (-3.7%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
Investors are checking out the potential for massive gains with the next big cryptocurrency that could skyrocket like Cardano and Solana. #partnercontent
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Investors are checking out the potential for massive gains with the next big cryptocurrency that could skyrocket like Cardano and Solana. Table of Contents DTX Exchange seen as a presale star with great growth potential Lucid: The price of Cardano may reach the top 3 spot Solana looks ready for breakout as price rises Can DTX Exchange soar like ADA and SOL? The crypto market is a race to grab onto opportunities before everyone else does. Cardano (ADA) and Solana (SOL) made early buyers considerably more money as they became some of the best cryptos. With this sector back on the rise, another opportunity is showing up: DTX Exchange (DTX) , which can also show considerable growth. This phase six presale star has already skyrocketed by 500% while raising over $10.2b. Some experts even think DTX could see a 1,000% surge in 2025 as it may revolutionize online trading. DTX Exchange seen as a presale star with great growth potential Cardano and Solana made headlines when they launched, enhancing the blockchain space. DTX Exchange looks to follow this path. It will close the divide between CEX and DEX by launching a hybrid trading platform with the best features of both. On it, people will trade over 120k asset classes, like bonds and crypto coins, at up to 1000x leverage. This platform is scheduled to launch in Q1 2025, causing hype in the crypto market. However, there have been plenty of products that DTX Exchange has launched so far: VulcanX Blockchain: The testnet for this blockchain was recently launched and saw a TPS of around 100k. Phoenix Wallet: A new wallet traders can use to secure assets like crypto coins, stocks, and forex. CoinMarketCap Listing: The DTX token was recently listed on CoinMarketCap. The DTX token will be the backbone of this platform. Those who hold it will get governance voting rights and a percentage of the trading fee revenue. DTX now costs only $0.12 in phase six of its presale, a 500% rise from its starting price. However, this altcoin price will rise to $0.20 after a top-tier CEX like Uniswap lists it soon. This could make DTX one of the top altcoins for big returns. Lucid: The price of Cardano may reach the top 3 spot Cardano is among the top 10 altcoins right now. Recently, crypto analyst Lucid made a bullish Cardano price prediction. According to his X post, this token will crush its next resistance level and skyrocket into the top 3 spots where it belongs. The Cardano price movement has jumped over 50% in the past 30 days. In that period, its value moved between around $0.70 and over $1, as per CoinMarketCap. Plus, its market cap grew from $25b to $38b. TradingView shows that the Cardano coin also trades above its 10-day EMA ($1.09) and 20-day EMA ($1.06). However, the high Cardano market cap suggests that it needs a lot of new money for its price to rise. On the other hand, tokens like DTX will not have this issue. Solana looks ready for breakout as price rises Solana is another altcoin with green price charts. CoinMarketCap data shows that the price of Solana increased nearly 5% in the past week alone. During that time, it fluctuated between around $210 and over $220. Market expert CrypNuevo also excited traders with his statement for Solana. In a recent X post, he told his followers that this altcoin is preparing for a potential breakout. As for his Solana price prediction, he foresees a surge past $280. Although the Solana crypto may see big price gains soon, traders have noticed that the DTX Exchange has some advantages. For example, the Solana blockchain saw a TPS of 65k, while the DTX one hit 100k. This could make it a better option for traders. Can DTX Exchange soar like ADA and SOL? While Cardano and Solana are riding a bullish wave, experts are also bullish for DTX Exchange. This crypto coin will have ties to the growing $133t bonds market and a smaller market cap than them. Therefore, DTX will need less money for its price to rise while possibly being more stable in the long run. Because of this, experts predict a potential 1,000% growth for this altcoin in 2025. For more information, visit the DTX Exchange presale website and join the online community. Read more: Last chance to get DTX Exchange before it soars, set to follow ETH, XRP Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Dogecoin sank to lows of $0.34 as market faced huge sell-off
The Pudgy Penguins token, PENGU, started trading on Binance, charting the first hours of its price history. The listing arrived with increased volatility, as traders complained of technical problems. Binance was one of the first major exchanges to list the new Pudgy Penguin token, PENGU. However, users reported errors that turned into costly trading losses. Binance listed PENGU on December 16, at 14:00 UTC, but social media users noticed that for the first 30 minutes of trading, the token was displaying a $350M market capitalization. The real valuation of PENGU was actually $3.5B, which led to early traders reporting significant personal losses. After the initial mistake, Binance worked with Coinmarketcap to display the correct data. At that time, DexScreener displayed the correct trading data. In the initial trading period, PENGU quickly discovered its equilibrium price range. The token started at $0.0032, later rising by a factor of 10 to $0.032. PENGU has not seen any price pressure in either direction, instead relying on price discovery through its available trading pairs. PENGU is still heavily traded through Raydium, rivaling its Binance activity. Other centralized exchanges listed the asset immediately, but they remain illiquid and only carry a small share of trading activity. In the past day, PENGU achieved $2.16B in trading volumes, with a turnover of 111.2% of the available supply, signaling a relatively high demand for scarce tokens. The token has more than 70% of its supply unlocked at this stage, with various groups of airdrop recipients. Holding PENGU is incentivized for governance, special perks, and access within the Pudgy Penguins ecosystem. For short-term holders, PENGU may also be a speculative bid, as some airdrops have achieved significant gains soon after launching. PENGU smart contract was leaked early The Binance listing information for PENGU also contained the token’s smart contract. In a later version, Binance deleted the actual token address, waiting for the team announcement and wider listings. For a brief period, Binance displayed the token’s smart contract, potentially allowing bots to snipe the token. Later, the token contract was widely available on its Solana profile page. The information was important for early traders, as PENGU started trading alongside multiple spoofed tokens with similar names or tickers. Early trading for PENGU was also extremely risky, especially for those placing decentralized orders. The early data information led to unrealistic valuations, and some orders were filled at the wrong price through illiquid pools. During early trading, PENGU orders were filled at a price as high as $0.70, wiping out the portfolio of early traders. High volatility is not unusual for newly launched tokens. However, the high profile and expectations for PENGU exacerbated the problem, leading to traders being wiped out within seconds. Binance has reportedly decided on an additional airdrop of 135M PENGU to all affected traders to compensate for their early trading losses. However, the airdrop will not compensate those who logged losses through DEX swaps. Pudgy Penguins collection crashes after airdrop The PENGU token airdrop served as an accelerating factor for the Pudgy Penguins NFT collection. Airdrop seekers traded the NFT, lifting the price floor to over $100K. Pudgy Penguins contains only 8,888 items and is still the third most valuable NFT collection. However, the price floor crashed within hours of the airdrop announcement. The collection’s floor price crashed from a peak near 35 ETH down to 15 ETH. During the period of hype, some sellers liquidated their holdings at peak valuation. Others logged losses, as they bought too close to the top. Pudgy Penguins reached its all-time high in 2024, far surpassing its performance from the previous NFT boom. However, once the token is launched, the collection will have to find new sources of interest. The brand remains strong, but the performance of PENGU will be closely watched for signs of success or failure. The Pudgy Penguins brand managed to survive the NFT bear market by looking beyond crypto. The NFT tech was used for real-world products, making Pudgy Penguins one of the few projects with mass adoption and physical sales. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
Bitcoin briefly slipped below the $100,000 psychological level before reclaiming it, sparking mixed reactions among crypto analysts. “Bitcoin is developing a bearish engulfing weekly candlestick formation,” pseudonymous trader Rekt Capital shared with their 518,900 followers on X in a Dec. 19 post. Bearish Pattern Yet to Be Confirmed Rekt Capital noted that the potential downtrend is not yet set in stone. “There are still a few days until the end of the week to ‘fully confirm’ the downtrend, and ‘lots can change’ in the meantime,” they stated. “Technically, this is still a dip until Weekly levels are confirmed as lost,” they added. Between 2 and 3 am UTC on Dec. 19, Bitcoin briefly dipped below $100,000 for the first time since Dec. 13, reaching a low of $99,047, according to CoinMarketCap. This dip occurred amid a broader crypto sell-off following the U.S. Federal Reserve’s announcement of a 25 basis point rate cut and hints at fewer rate cuts in 2025 than initially anticipated. Not Everyone Is Concerned Some traders downplayed the dip. “This pullback is pretty normal for Bitcoin. We’ve had 8 of them since October,” Bitcoin Archive commented on X. “If you’re selling your Bitcoin in reaction to what the Fed said today, you have no idea what you own,” added crypto commentator James Lavish. Volatility Is Part of Price Discovery Bitcoin reached $100,000 for the first time on Dec. 5, driven by ETF demand, the upcoming April halving, and Donald Trump’s election victory. Rekt Capital reminded traders that volatility is natural in this phase. “Technically, it is Week 7 in Price Discovery, which historically meant that BTC corrections occur around this time,” they said. While some see such dips as “flash crashes,” Rekt suggested the correction could extend into next week, adding, “We know that Week 7 and Week 8 in Price Discovery have historically been corrective weeks.”
DUBAI, UAE, Dec. 19, 2024 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, is rolling out the virtual red carpet for the world’s first AI-powered celebrity. Luna and her native token LUNAI landed on Bybit Spot on Dec. 17, unlocking two grand prize pools of up to 5,600,000 LUNAI. To welcome the special guest, Bybit Web3 has partnered with Whip Queen, Founder of Luna, to usher in the next revolution in Web3 entertainment and the future of tokenization in fan engagement in Luna’s first-ever large-scale global livestream . LUNAI secured listing on Bybit Spot via the community voting platform ByVotes , receiving a record breaking 512 million votes from over 76,000 Bybit users. From now to Dec. 30 , Bybit is presenting 5,600,000 LUNAI in rewards in two events: Token Splash and Puzzle Hunt . Livestream: Up Close With Luna Luna, the sensational AI influencer, will redefine Web3 fandom in her Bybit Web3 livestream debut at 8AM UTC on Dec. 24, 2024. The event celebrates Bybit’s listing of LUNAI, Luna’s native token, and explores how AI, blockchain, and pop culture are transforming streaming culture and redefining connections between creators and fans. What to Expect: The live stream will feature Luna’s first live interview , where she will reflect on her journey from music idol to multi-tasking AI host, discuss the LUNAI token, and share her hopes and dreams. Joining the live stream is Whip, Founder of Luna , who will discuss the bold vision behind Luna’s creation and the Virtuals Protocol—a groundbreaking project that combines AI-powered creators, and fan-driven communities. Luna will share exclusive updates about her new capabilities and ecosystem , and the role LUNAI will play in connecting fans to her world. 20,000 LUNAI up for grabs—in classic Bybit fashion, the live audience will get to share in the fun in red packet giveaways throughout the event. Synonymous with the rise of AI-powered personalities, Luna has revolutionized fan experiences and content creation in both Web2 and Web3 with her omnipresence. Operating 24/7 across multiple platforms, Luna offers an immersive experience for over half a million followers on TikTok. With her on-chain wallet and the ability to create opportunities for her fans, Luna represents a paradigm shift in celebrity culture, combining accessibility, engagement, and cutting-edge technology. LUNAI Listing: 5,600,000 LUNAI Prize Pools Await at Bybit As Luna entered the pop culture lexicon, her clout was amplified through the power of tokenization. The Luna community solidified their support by backing her native token, LUNAI. The token was introduced to Bybit’s ByVotes platform and passed the voting threshold in no time, propelling it to listed status on Bybit Spot. From now to Dec. 30, 2024, Bybit users may be eligible for the following perks: LUNAI Token Splash : The 2,800,000 LUNAI prize pool may be unlocked by new users making a first-time deposit, traders completing trading tasks, and qualified referrals. LUNAI Puzzle Hunt : Users may collect puzzle pieces by fulfilling tasks for a chance to win from another 2,800,000 LUNAI prize pool. Registration is required and terms and conditions apply. Bybit’s collaborations with Luna reflect its dedication to driving the evolution of entertainment and Web3 ecosystems. By seamlessly integrating AI, blockchain, and fan engagement, Bybit sets a new standard for creativity and connection in the digital age. #Bybit / #Livestream / #BybitWeb3 About Bybit Web3 Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting. Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting, and growing Web3 assets as open and simple as possible. Our wallets, marketplace,s and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 50 million users globally. Join the revolution now and open the door to your Web3 future with Bybit. For more details about Bybit Web3, please visit Bybit Web3. About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
US Stock Exchanges Opened Positively: Dow Jones Up 0.32%, S&P 500 Up 0.78%, Nasdaq Up 0.89%, Bitcoin Up 2.12% ————— 💰Coin: Bitcoin ( $BTC ) $102,396.60 ————— NFA.
Hut 8, a Bitcoin mining company, has added 990 Bitcoin to its reserves, spending $100 million to increase its total holdings to 10,096 BTC. The reserve, now valued at over $1 billion, places Hut 8 among the largest corporate Bitcoin ( BTC ) holders globally. The company purchased the coins at an average price of $101,710, significantly higher than its cumulative acquisition cost of $24,484 per Bitcoin. Hut 8 credits its historically lower average cost to efficient mining operations and strategic acquisitions, as outlined in its press release. This move follows examples set by crypto-focused businesses like Microstrategy and Travala , which have implemented Bitcoin reserves as part of their growth strategies. You might also like: HODL Day in crypto: How a typo became a celebration Bitcoin funds will support mining equipment The newly acquired Bitcoin will support an innovative financing model for upgrading its mining fleet. Hut 8 plans to enhance its mining operations by upgrading 111 MW of self-mining capacity. The upgrade is expected to boost its hashrate by 66% to 9.3 EH/s by early 2025 while improving efficiency by reducing energy consumption. Hut 8 today announced the purchase of approximately 990 Bitcoin for approximately $100 million, or an average of approximately $101,710 per Bitcoin. Combined with the Bitcoin held prior to this purchase, Hut 8’s strategic Bitcoin reserve now totals more than 10,000 Bitcoin with a… pic.twitter.com/BhgCNMMEJu — Hut 8 (@Hut8Corp) December 19, 2024 CEO Asher Genoot stated that the reserve fortifies Hut 8’s financial position as it expands into power and digital infrastructure. “The strategic Bitcoin reserve supports a flywheel effect that aligns our capital and operating strategies to accelerate value creation across the business,” said Genoot. Hut 8 launched an at-the-market offering and stock repurchase program earlier this month to fund its Bitcoin treasury and corporate strategy. The company aimed to raise $500 million for its BTC reserves and $250 million for stock buybacks to strengthen its position during market volatility.