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.
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The global market cap as a percentage of GDP now stands at 117%. It has surpassed the peaks of 2000 and 2007 and is closing in on the all-time high recorded in 2021. The world’s stock markets are now worth $100 trillion, with the United States taking center stage. U.S. stocks account for more than half of global equity markets. In the past decade alone, U.S. equities have added $40 trillion to their market value. As investors pour into the market, growth stocks have dominated the playing field, while value stocks are in the gutter. Today’s global GDP is $85 trillion, with the United States contributing $30 trillion. China and Japan follow with $17 trillion and $4 trillion, respectively. The market cap-to-GDP ratio, once at 58% during the 2008 crash, has shot up to 117%. By 2022, it was already at 106%. Growth stocks skyrocket, value stocks suffer Growth stocks have skyrocketed over the past 15 years. Since 2008, these stocks have delivered a jaw-dropping 907% return. In contrast, value stocks have only managed a 363% increase in the same period. The gap is widening. Over the last two years, growth stocks surged 94%, tripling the gains of value stocks. This has left value stocks looking cheap — and I mean dirt cheap. Relative to growth, value stocks haven’t been this affordable since the Dot-Com Bubble in 2000. The ratio of value to growth stocks has halved since the 2008 crash. It’s the worst stretch for value stocks in 42 years. Wall Street is watching closely to see if growth can keep outpacing value at this rate. The Russell 2000 index tells a grim story for small-cap stocks. It hasn’t hit a new all-time high in nearly 800 straight days. That’s the longest streak in 13 years and the third-longest in history. This year, the Russell 2000 is up 11%, but that’s far below the S&P 500’s 23% gain. Small caps remain about 10% below their November 2021 peak. The gap between small-cap and large-cap stocks is wider than ever, and the struggle is very real. Policies, profits, and recovery The roots of this market explosion go back to the 2008 financial crisis, as aforementioned. Central banks slashed interest rates to near zero and launched quantitative easing programs to pump money into the economy. The Federal Reserve bought up massive amounts of government and mortgage-backed securities, pushing up asset prices across the board. Low interest rates made stocks a no-brainer compared to bonds. Corporate profits have been another big driver. Since 2008, profit margins have hit post-World War II highs. Companies slashed costs and leveraged technology to run leaner operations. Profits are now a bigger slice of GDP than ever before. The tech sector has been the MVP here, with giants like Apple, Amazon, and Microsoft leading the charge. Their growth in cloud computing, e-commerce, and digital services has changed the market forever. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
Ethereum (ETH) price has crashed over 11% dropping under $3,300 in the last 24 hours amid selloff by the Ethereum whale entities as well as the Ethereum Foundation. With ETH falling under the crucial support of $3,500 today, there have been heavy liquidations of long positions with analysts expecting the next support around $2,800. Ethereum Whales Selloff in Massive Quantity Amid the broader crypto market crash , Ethereum whale entities have resolved to major selloff leading to negative sentiment around the asset. Blockchain analytics platform Lookonchain reported that one whale deposited 22,746 ETH, worth $77.7 million, to Binance earlier today and withdrew stablecoins in order to repay the debts on Aave and Spark. Over the last two days, this same whale has deposited a total of 31,968 ETH, valued at $122.3 million, into Binance. In another instance, a separate whale transferred 49,910 ETH, worth $170 million, to Binance in the past eight hours and subsequently withdrew $137.8 million in stablecoins. Source: Lookonchain Thus, the ongoing turbulence in the crypto market has triggered large-scale liquidations in Ethereum with investors forced to pay their debts. Following the rejection at $4,000, the ETH price has corrected more than 17.5% as of the current price. Just two days before when ETH was trading at $4,000, the Ethereum Foundation sold off another 100 ETH from its holdings. This shows a strategic sale by the Foundation at the top. Data shows that over the past year, the Ethereum Foundation has executed 32 trades, selling a total of 4,466 ETH worth approximately $12.6 million. Notably, 15 of these trades were conducted at or near market peaks, as per the data from Arkham Intelligence . Apart from Ethereum whale selloff, the spot Ethereum ETFs saw $60 million in outflows on Thursday after several days of consecutive inflows. Grayscale’s ETHE contributed to a majority of the outflows at $58 million. Will ETH Price Crash to $2,800 Again? Crypto market analysts have turned bearish on Ethereum expecting the ETH price to drop $2,800 and a bit below for re-accumulation. Popular crypto analyst Caleb Franzen shared an inverse head-and-shoulders pattern for Ethereum showing that it’s on a downward trajectory to hit another low of $3,000, and could bounce off from there to $4,000 levels. “Now that we’re getting rejected at the YTD highs, all I see is the opportunity to produce the final phase of the inverse head & shoulders setup,” he noted. Source: Caleb Franzen This year in 2024, Ethereum has largely underperformed other altcoins testing investors’ patience. However, the Ethereum bulls believe that once ETH crosses $4,100, the surge to an all-time high will be very fast. Popular crypto analyst Ted Pillows noted: “$4K seems like the new $1.4K for Ethereum. In the 2020-21 cycle, ETH got rejected from $1,400 several times before a successful breakout. Right now, the same thing is happening with the $4K level, but there’ll be a breakout soon. Once $ETH closes above $4.1K, a new ATH will happen in no time”. Despite Ethereum whale selloff, the Ethereum options data from Deribit shows that not everything is bad for ETH at the moment. A total of 173,000 ETH options expired recently, carrying a notional value of $590 million. The options featured a Put/Call ratio of 0.5, indicating a higher volume of bullish call positions compared to bearish puts. The max pain price—a level where most options lose value—is at $3,750, reflecting a key area of interest for traders and market participants. As of press time, the Ethereum price is trading 11.21% down at $3,264 levels with its market cap falling under $400 billion. As per the Coinglass data , the open interest dropped by 10.53% slipping under $25 billion. The 24-hour liquidation has also surged to $226 million of which $198 million is in long liquidation. The post Will Ethereum Whale Selloff Trigger ETH Price Crash Under $2,800? appeared first on CoinGape .
Since Donald Trump’s election victory on November 5, Bitcoin (BTC) has experienced a substantial rally, reaching record highs above $108,000. However, this momentum has recently faltered, with the cryptocurrency dropping below the critical $100,000 mark, This has prompted analysts to speculate on a potential deeper correction with some experts believing Bitcoin could dip to levels around $85,000 or even $75,000 before resuming its upward trajectory. Is It A Temporary Setback Or The Calm Before A Final Surge? Analyst Morecryptoonl highlights that the current market dynamics suggest a substantial likelihood of Bitcoin moving toward $85,000. This projection stems from the observation that the recent wave of price action lacked the strength typically seen in bullish trends, failing to reach key extension levels. The “overlapping and corrective nature” of the rally highlighted by the analyst further supports the idea that a significant pullback may be imminent. Should this scenario unfold, it could represent the last major correction of the current bull market, setting the stage for a final surge in prices. Related Reading: Ethereum To Outpace Solana In 2025, Bitwise CIO Asserts Technical analyst Rekt Capital offers a contrasting perspective, asserting that the perception of Bitcoin at $75,000 as a favorable entry point is relative to its current price of approximately $97,000. Rekt Capital further suggests that what seems like a bargain now may not have appeared as attractive when Bitcoin was previously at that level. Despite the bearish sentiment from some experts, others see the recent price correction as a significant buying opportunity. Analyst VirtualBacon argues that the market’s reaction to Bitcoin’s drop from $108,000 to $96,000 has been “exaggerated.” Is Bitcoin Preparing For New Record Highs? VirtualBacon asserts that this decline is not indicative of a market collapse but rather a healthy consolidation phase within an ongoing bull market. Historical data supports this view, as corrections of this nature often precede new highs. Key support levels, such as the weekly 21 exponential moving average (EMA) around $79,000 and the daily 200 EMA near $73,000, remain intact, suggesting that even a brief dip to these levels would not destabilize the overall bullish structure. Related Reading: 400 Billion Shiba Inu Moved: Is A SHIB Price Crash Coming? The underlying economic conditions also play a crucial role in shaping Bitcoin’s future, according to VirtualBacon. The recent Federal Reserve (Fed) actions, including a modest rate cut and a cautious approach to monetary policy, suggest a stable economic environment. While the Fed continues its policy of quantitative tightening (QT), the expectation is that this will not persist indefinitely. The rising US debt crisis is likely to necessitate a return to quantitative easing (QE), which has historically fueled bullish trends in crypto markets. In summary, the recent dip in Bitcoin’s price is viewed by many as a temporary setback rather than the end of the bull market. As long as Bitcoin maintains its position above critical support levels, the bullish trend remains intact. At the time of writing, BTC is trading at $97,720, down 3% for the 24-hour period and over 2% for the week. Featured image from DALL-E, chart from TradingView.com
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The altcoin market has exploded after Bitcoin (BTC) broke through its vital $100,000 level and set a new ATH of $107,780. As the world’s leading cryptocurrency continues to trade above this crucial level, altcoins are preparing to set record highs. BTC remains the undisputed leader of the crypto world and maintains its reputation as the most trusted digital asset. As the dominant store of value, BTC is the go-to choice for institutional investors, and spot BTC ETFs witness record inflows. Despite BTC reaching a new ATH of $107,780 yesterday, its dominance is declining, and investors are turning their attention to smaller assets, signalling the start of the altcoin season. Pauline Shangett, CMO of ChangeNOW , commented on the potential gains of the upcoming altcoin season: "Bitcoin's continued show of force in its ability to make these massive price gains sets the example of what is truly possible within the crypto space. As the alt season approaches, investors gain renewed confidence in the market and cements the belief that projects other than BTC can potentially witness similar gains." Let’s delve into some of the top altcoins to own as Bitcoin makes these historic gains. Dogecoin (DOGE) Dogecoin (DOGE) is the largest memecoin by market cap and is the 7th largest crypto with a market cap exceeding $59.13 billion. Elon Musk, the world’s richest man with a net worth exceeding $350 billion, is the CEO of Tesla, owner of social media platform X (formerly Twitter), and one of the president-elect’s most prominent supporters and has long endorsed Dogecoin . Musk recently joined the Trump campaign and was integral to Trump’s victory, and his involvement with the republican party could see DOGE run to new highs in the coming months. DOGE’s surge stepped into overdrive after Donald Trump released a statement revealing that Elon Musk and Vivek Ramaswamy will lead the Department of Government Efficiency, or DOGE. According to Trump, DOGE will pave the way for his administration to “dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditure, and restructure Federal Agencies – Essential to the “Save America” Movement.” DOGE is expected to surge after DeFi Technologies introduced Valour Dogecoin (DOGE) ETP on Sweden’s Spotlight Stock Market. The ETP will allow retail and institutional investors to gain exposure to DOGE without directly owning the asset. Ripple (XRP) Ripple’s XRP has gained massively over the past month and is now the fourth-largest crypto with a market capitalization exceeding $143 billion. Ripple (XRP) has witnessed a spectacular gain in value after news of Gary Gensler’s planned exit surfaced. Ripple Labs has been embroiled in a highly publicized legal battle with the securities agency for which Ripple paid a hefty price. In 2020, the regulator sued Ripple for its supposed breach of securities laws, resulting in many exchanges, such as Coinbase, Kraken, Bitstamp, and Gemini, choosing to delist XRP. Ripple finally found some relief after a partial victory in 2023 ended the SEC’s 3-year-long crusade against the company. The Southern District of New York Court delivered a partial victory to Ripple in its matter with the SEC after Judge Analisa Torres ruled that Ripple’s XRP token is “not necessarily a security on its face.” Ripple received some further bullish news after Chris Giancarlo, former chair of the CFTC, predicted the SEC would drop its case against the company. The price of XRP surged further after WisdomTree filed an S-1 application for a spot XRP ETF. Husky Inu (HINU) As BTC continues to trade around the $106,800 level and top altcoins reach new heights, investors must look for well-priced alternative investment opportunities to profit from the bull run, and Husky Inu is precisely that. Husky Inu (HINU) is one of the newest members of the Solana network, created to bring its holders more value and utility by harnessing the power of this popular blockchain. Husky Inu recently launched the presale of its native token, HINU , with tremendous success, and the two are on a mission to conquer the memecoin industry through a robust and supportive community with innovative features and enhanced rewards. Since going live, the presale has generated over $622,000, completing its third presale round. Husky Inu is working on some exciting things, including an Earn App and a Decentralized Exchange. The Earn App will reward users with HINU tokens for engaging with the project, and the Decentralized Exchange will facilitate decentralized trading to improve utility and value for HINU holders. Husky Inu boasts several unique features that set it apart from traditional investment opportunities, including a capped token supply, a deflationary mechanism, speedy transactions, and charity voting. Husky Inu’s presale success sets the tone for immense gains and is expected to skyrocket following exchange listings. HINU presale tokens are available at a modest $0.00015000 with exceptional profit potential for early backers. Visit the following links for more information on Husky Inu: Website: Husky Inu Official Website Twitter: Husky Inu Twitter Telegram: Husky Inu Telegram Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.