TL;DR Shiba Inu’s Shibarium hit a fresh target, signaling strong user engagement. SHIB climbed by 4% to $0.00002305, with increased token burns and reduced exchange inflows signaling a further pump. Shibarium Keeps Advancing Shiba Inu’s layer-2 blockchain solution – Shibarium – took center stage on Christmas Day, blasting through yet another major milestone. Data shows that the total transactions processed on the protocol exceeded 700 million. This can be viewed as a serious achievement, considering the fact that Shibarium officially saw the light of day last summer. Since then, it has undergone some important developments, such as launching a new user interface (UI) update that improves compatibility with popular self-custody wallets like MetaMask, Coinbase Wallet, and Trust Wallet. Shortly after, the team introduced an update through a hard fork to empower the community of developers and innovators and implement quicker block processing times. It also adopted a burning mechanism, which is a bit different from the original program but has the same purpose. Shibarium’s ultimate goal is to foster the development of the Shiba Inu ecosystem by reducing transaction costs, improving speed, and enhancing scalability. As such, some market observers believe its further progress could be a vital factor fueling a rally for the meme coin’s price. How’s SHIB Doing? It is worth mentioning that Shibarium’s latest achievement coincides with the resurgence of SHIB’s price. It currently trades at around $0.00002305, representing a 4% rise on a daily scale. SHIB Price, Source: CoinGecko Other elements suggesting that Shiba Inu has yet to experience a substantial rally are the burning program and the SHIB exchange netflow . The burn rate has jumped by 50% in the past 24 hours, resulting in over 7 million tokens destroyed . Converted in US dollars, the stash is insignificant , but continuous efforts in the field will reduce the circulating supply of the meme coin, making it more scarce and possibly more valuable (assuming demand doesn’t head south). For its part, the SHIB exchange netflow has been predominantly negative in the last week (according to CryptoQuant’s data), with outflows surpassing inflows during most days. This hints at a shift from centralized platforms toward self-custody methods and could be considered bullish since it diminishes the immediate selling pressure. The post Shibarium Hits Another Milestone: Is the SHIB Price Poised for a New Rally? appeared first on CryptoPotato .
TRON’s ecosystem has experienced significant advancements in stablecoin transfers, lending practices, and daily transaction volumes, redefining its market position. With stablecoins on the TRON network stabilizing at $62 billion, the
Trump's victory enhances optimism in the cryptocurrency market. Altcoins show significant growth amid ETF expectations. Continue Reading: Trump’s Victory Sparks Optimism in the Cryptocurrency Market The post Trump’s Victory Sparks Optimism in the Cryptocurrency Market appeared first on COINTURK NEWS .
Binance expands lending options with USUAL token and stablecoin investment. As of Dec. 25, 2024, Binance announced that the Usual protocol (USUAL) token would be added as a new borrowable asset under its Pledged Loan program. The move hopes to…
Binance expands lending options with USUAL token and stablecoin investment. As of Dec. 25, 2024, Binance announced that the Usual protocol ( USUAL ) token would be added as a new borrowable asset under its Pledged Loan program. The move hopes to increase borrowing flexibility by enabling users to use assets from Binance Earn —Binance’s platform for earning rewards on crypto holdings—as collateral and benefit from real-time annualized returns. The inclusion of USUAL into Binance’s flexible lending portfolio is in line with the platform’s growing focus on stablecoin innovation. Recently, Binance Labs invested in the Usual protocol, a decentralized stablecoin issuer backed by real-world assets . This partnership strengthens Binance’s commitment to incorporating cutting-edge technologies and assets into its ecosystem, offering further opportunities for users. You might also like: Binance announces Fantom to Sonic token swap and rebranding timeline Known for its dynamic structure, the Pledged Loan feature—also referred to as the Demand Rate—enables users to manage loans with adaptable terms. Loan rates are updated every minute, ensuring both transparency and flexibility. With a minimum loan amount set at just one USDC equivalent, the service is accessible to a broad range of users. To properly comprehend the terms and risks involved, users are recommended to consult Binance’s official loan FAQs and guidelines . Borrowers are encouraged to proceed with caution and make informed decisions. You might also like: Binance Labs invests in Perena to boost Solana stablecoin adoption
Cryptocurrency analyst Timothy Peterson predicted a potential “Santa rally” for Bitcoin in a Twitter post, citing three key indicators. Peterson cited historical trends, market seasonality, and the performance of the US dollar as factors that point to a strong Bitcoin rally during the holiday season. Dollar’s Weakening Momentum: The analyst noted that the US Dollar Index (DXY) is approaching a recent high and there is an 85% chance it will reverse soon. Historically, a declining dollar has an inverse relationship with Bitcoin, as declining global demand for the USD often pushes investors toward alternatives like cryptocurrencies. “A weaker dollar is often associated with stronger Bitcoin performance,” Peterson said. Related News: Developers on Solana Revealed the Altcoins Developers Are Most Focused on - Here's the List Bitcoin Seasonal Resistance: The analyst said that Bitcoin has historically performed positively in the last week of December. Data shows that Bitcoin tends to perform well from December 25 to January 2, with exceptions being both rare and mild. Peterson also noted that since 2015, Bitcoin has gained in November 100% of the time, and has also gained in December. This trend could see Bitcoin perform an average of 10% in December, pushing its price to $106,000 by the end of the year. Historical Cycle Examples: Peterson drew parallels with the 2016 and 2020 bull market cycles, stating that Bitcoin’s current price trajectory closely mirrors those periods. He suggested that Bitcoin is poised for a significant upward move consistent with the “January effect,” where markets typically see renewed buying interest following year-end tax losses. *This is not investment advice. Continue Reading: Is a “New Year’s Rally” Coming for Bitcoin? Analyst Timothy Peterson Reveals
The post Bitcoin Almost Hits $100K Triggering a Christmas Rally: Will it Close the Yearly Trade Above the Range? appeared first on Coinpedia Fintech News Has Bitcoin bull run re-instigated? Will the BTC price rise and form a new ATH before the end of 2024? The market participants remained vigilant over the crypto markets, specifically the Bitcoin price rally, as they tend to look out for these answers. While the market volatility varied, the star token had failed to gain the required buying pressure. However, the latest rise suggests the bulls tried hard to reclaim the $100K spot but the bears, who seem to have capitulated to these levels, prevented the token from doing so. Now that the token displayed a Christmas rally, the year-end rise is expected to revive a strong rise, marking new highs. While the BTC price displayed uncertainty, the spot ETFs witnessed a massive sell-off. BlackRock sold over $188 million worth of BTC, which is one of their biggest sell-offs since the start.Besdies, the total sell-offs also marked the peak of over $338 million but the price recovered from $94,000 to $99,000. Regardless of this, BlackRock and Fidelity collectively hold over $50 billion in Bitcoin, which could keep up the bullish hopes over the rally. The BTC price in the short term suggests the price may be subject to a small pullback as the stochastic RSI has reached the oversold levels. Hence, the levels are about to drop and after a bullish crossover, the DMI levels are close to undergoing a bearish crossover. Therefore, the Bitcoin price is expected to undergo a small pullback and drop below $96,000 in the next couple of days. However, this pullback could be an opportunity to accumulate at the lower range. The crypto markets are heading towards the end of the year, which usually attracts a good buying volume. However, the volume over the platform remains lower, which suggests the bullish participation remains restrictive at the moment. Hence, a rise in the volume is expected to trigger the volatility, which is much required for a healthy bullish close for the year, probably above $100K.
Cardano (ADA) continues to struggle below the $1 threshold as investor sentiment remains weak, signaling potential challenges ahead for this altcoin. The price has been consolidating in a narrow range
A top crypto strategist thinks the digital asset market is in a position to witness a bullish continuation even as Bitcoin ( BTC ) trades below $100,000. Pseudonymous analyst The Flow Horse tells his 251,400 followers on the social media platform X that he believes the doors are open for Bitcoin and altcoins to spark surges. “The window of opportunity is between now and the second week of January for things to pop.” The analyst’s outlook stems from the idea that traders believe the incoming Donald Trump presidential administration will be incredibly bullish for crypto. Trump has signaled that under his administration, the US government’s anti-crypto agenda would end, and he has even suggested a Bitcoin treasury to help get the country’s finances in order. But the analyst highlights that his predicted window for crypto rallies will close just days before Trump’s inauguration. He argues that traders will likely be in for a rude awakening after Trump takes over the White House on January 20th, 2025 “The market had to some degree priced in a most fairytale scenario – one where the United States establishes a Bitcoin reserve and Lummis’s bill passes smoothly. However, as reality sets in, that optimistic positioning will likely fade, especially as it becomes clear that Trump will encounter significant resistance in pushing many of his initiatives through. This is a good thing.” The analyst also warns that he thinks crypto will print a local top around the time Trump officially begins his second term as US president. “Like I see no one open to the idea that we are very close (weeks to a quarter) to a nice top. Just people under the impression that because of Trump the markets have to go up.” Looking at the macro landscape, The Flow Horse says capital is still expensive compared to the 2020 cycle when the Fed was forced to drop interest rates close to zero due to the Covid-19 pandemic. “If you believe this cycle will surpass the previous one wildly, you should have a clear thesis explaining how it achieves this without the support of the robust credit markets that helped the prior.” At time of writing, Bitcoin is trading for $94,455. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/wangmando/phanurak rubpol The post Top Analyst Now Sees Window of Opportunity for Bitcoin and Altcoins To Pop – But There’s a Catch appeared first on The Daily Hodl .
Ethereum ETFs outperformed Bitcoin ETFs on Christmas Eve