The post 2025 Market Titan: $0.001333 Token Poised to Flip Polkadot and Kaspa in the Next Bull Run! appeared first on Coinpedia Fintech News As the crypto market heats up in the latest bull run, a low-cost token is grabbing attention with its potential to surpass established giants like Polkadot and Kaspa. Priced at just over a tenth of a cent, this digital asset is gearing up to become a major player in 2025, sparking excitement among investors seeking the next big opportunity. One such promising token is XYZVerse (XYZ), blending meme culture with sports passion to unite fans worldwide in a vibrant crypto ecosystem. Trump’s Victory Sparks Crypto Chaos: $XYZ Meme Coin Ready to Deliver a 99,900% Knockout Donald Trump’s election victory has triggered a seismic shift in the crypto market, setting the stage for a bull run like no other . As the dust settles, major coins limp forward with uninspiring double-digit gains, while meme coins are stealing the show . PNUT’s recent 4,500% surge? FRED’s 6,000% explosion? Ancient history, buried in the ashes of short-lived hype. These coins buckled under selling pressure, leaving FOMO-ridden investors licking their wounds. But the crypto battlefield doesn’t wait for the weak — a new titan has emerged with plans to obliterate profit records and deliver an earth-shaking 99,900% surge . Take the XYZ Side – The Undisputed Champion of Meme Coins $XYZ Breaks Into The Ring to Knockout Meme Coin Legends Meet $XYZ – the first-ever all-sports memecoins for true crypto degens hungry for 1000X profits . This is the token for those who thrive on the thrill of competition . As Trump takes the reins, the crypto market is set to erupt so the competition is getting fierce . Only the strongest tokens can survive in this no-mercy arena. Here comes the dawn of a crypto era for those with balls of steel — the guys like Joe Rogan and Dana White — who’d proudly rally behind Trump’s team. With such true men of business on board, there is no place for old pussy meme coins, it’s time for real brutal coins . Fueled by the sports mentality , the $XYZ token has emerged as the ultimate contender ready to crush competitors and rocket to the moon on Elon Musk’s mission. $XYZ is on its way to the winner’s podium to become a badge of honor for those who live and breathe sports and crypto. $XYZ Already Delivers Even Before Hitting the Market The $XYZ presale is underway, providing access to the token at a special pre-listing price. Launch Price : $0.0001 Price Now : $0.001 In just a couple of months, $XYZ already soared over 1000%! Next Stage : $0.001333 (+33% jump incoming) Final Knockout Target : $0.1 From launch to the token generation event, $XYZ is targeting a mind-blowing 99,900% surge! If you’re not in, you’re out. The $XYZ presale is already smashing through stages with the speed of a champion’s knockout blow. Join $XYZ Presale Now and See Your Pennies Grow Into Millions! Polkadot (DOT) Polkadot is a decentralized protocol and cryptocurrency that enables secure communication between different blockchains. It allows value and data to be shared across networks like Ethereum and Bitcoin without the need for intermediaries. By employing a system of parachains, Polkadot enhances speed and scalability, processing transactions more efficiently than Bitcoin and Ethereum. The native token, DOT, is used for governance and staking within the network. Holders of DOT can participate in decision-making processes and contribute to transaction validation. Developed by Gavin Wood, co-founder of Ethereum, and maintained by the Web3 Foundation, Polkadot launched on May 26, 2020. The protocol aims to create a more interconnected and efficient blockchain ecosystem. Its technology addresses key limitations of existing blockchains, such as scalability and interoperability. In the current market cycle, Polkadot continues to develop its technology and expand its ecosystem. Its focus on interoperability and scalability addresses significant challenges in the blockchain industry. As the demand for cross-chain solutions grows, Polkadot’s role may become increasingly significant. Kaspa (KAS) Kaspa (KAS) is a proof-of-work cryptocurrency that implements the GHOSTDAG protocol. Unlike traditional blockchains that may orphan blocks created in parallel, GHOSTDAG allows these blocks to coexist and orders them in the consensus. This approach results in a block directed acyclic graph (blockDAG) rather than a single chain. Kaspa aims for secure operation while achieving high block rates—currently one block per second—with goals to increase this to 10 blocks per second and eventually 100 blocks per second. Confirmation times are minimized and are primarily affected by internet latency. Kaspa includes features such as Reachability for querying the DAG’s topology and block data pruning, with plans for block header pruning. It supports Simplified Payment Verification (SPV) proofs and is preparing for future subnetwork support to ease the implementation of layer 2 solutions. These technological advancements focus on enhancing scalability and speed in cryptocurrency transactions. In the current market cycle, Kaspa introduces a unique approach to consensus and blockchain structure that contributes to ongoing discussions about the evolution of blockchain technology. Conclusion DOT and KAS are strong, but XYZVerse (XYZ) unites sports fans in a unique memecoin aiming for 20,000% growth, aspiring to be the G.O.A.T in the current bull run. You can find more information about XYZVersus (XYZ) here: Site , Telegram , X
HodlX Guest Post Submit Your Post In 2024, DEXs (decentralized exchanges) snagged a greater portion of the crypto trading pie, demonstrating the future of finance is firmly headed toward decentralization. And Trump’s recent victory has only reinforced this trend, with Bitcoin’s price surging to nearly $91,000 . As monthly DEX trading volume soared above $250 billion in March and June 2024 for the first time since 2021, it’s clear that traders are increasingly opting for the benefits of autonomy and transparency these platforms offer. Over the past 12 months, several DEX platforms have refined their offerings to enhance the trading experience while prioritizing financial inclusivity and trust. This evolution indicates that the market is not just progressing – it has reached a level of maturity that some skeptics never anticipated. But these successes did not come without some hurdles. As 2025 approaches, 2024’s achievements and setbacks serve as a roadmap for where the market is heading. While no crystal ball can predict the future, one can assume that the steady shift from CEXs (centralized exchanges) to DEXs is just the beginning. DEX developments and challenges in 2024 This year, the DeFi (decentralized finance) landscape continued to grow significantly, particularly with the advancements in concentrated liquidity models. While these advancements enhance DeFi by providing greater capital efficiency and enabling users to concentrate liquidity in specific ranges, it’s no secret that this advancement was achieved at the expense of liquidity providers. On the governance front, 2024 saw the emergence of ‘DAO wars,’ where various DAOs (decentralized autonomous organizations) engaged in strategic maneuvers to assert dominance. These organizational rivalries add another layer of complexity to the DeFi ecosystem with DAOs fighting for control, leading to opportunities and risks for participants. As DAOs compete for influence, they have experimented with novel voting mechanisms, management strategies and community incentives to help attract and retain participants. This competitive environment has led to both innovation and volatility, with some DAOs forming alliances to strengthen their position, while others engage in aggressive tactics to undermine their rivals. In January 2024, a blockchain interoperability project launched a crypto bridge to allow a staked ETH token to move across multiple blockchains but did so without waiting for approval from the token’s governing body. This move sparked controversy, with critics accusing the project of overstepping its bounds and trying to lock in users ahead of its competitors. These challenges are especially significant because they expose the limitations and vulnerabilities of decentralized governance, specifically in areas like accountability and decision-making speed, further exposing cracks in the community. The rise of intent-based trading has also transformed the DeFi experience. These tools have invited users to implement sophisticated cross-chain strategies and facilitate wallet seeding, enhancing the overall multi-chain experience. This has streamlined functionality, allowing users to navigate DEX intricacies more efficiently without managing multiple networks. While we can’t know for sure what next year will bring, the past year can help guide DEX developers and users to anticipate what lies ahead. What to look out for in 2025 The rise of AI in trading strategies will likely enhance market dynamics, helping traders optimize their DEX performance. This integration has already taken off in the TradFi landscape, and as DeFi continues to see sustained growth, the technology’s inevitable integration will address challenges like limited liquidity, slippage and price manipulation. AI’s capabilities are certainly compelling. Its ability to predict price swings, identify arbitrage opportunities and mitigate risks will only improve with more data, making it a critical resource for DeFi and its participants. As DeFi protocols continue to evolve, its focus has shifted towards creating and utilizing aggregated assets to address long-standing liquidity and user experience issues. Aggregating liquidity from various sources similar to CEXs that accept deposits from different channels allows DEXs to offer more efficient trading experiences. For instance, protocols might allow users to deposit different stablecoins such as USDC into a unified liquidity pool, simplifying the user interface and expanding the trading pairs. This aggregation also improves the execution of the trades, reducing slippage and enhancing price discovery. However, as managing these complex assets becomes more difficult, so does the potential risk exposure across different types of assets. When multiple deposit types are integrated into a protocol, a single exploit in one of the bridges or smart contracts can ripple across the entire ecosystem. Ultimately, the vulnerabilities threaten a platform’s financial stability but also expose the ecosystem to larger systemic risks. Securing these aggregated assets will be one of the defining factors of growth and sustainability in 2025 and beyond. In regulation, up until now, the tax structuring for digital assets has been a poorly conceived policy, often resembling the taxation of unrealized gains in traditional markets. Under the Trump administration, the expectation is that taxes will be lowered and more nuanced in the US, leading to better relations between government agencies and decentralized organizations, and creating an environment that breeds opportunity and innovation rather than FUD (fear, uncertainty and doubt). While many crypto builders and activists believe Trump will ‘make crypto great again,’ only time can tell if that will actually happen. While the future remains uncertain, the challenges of 2024 can serve as a roadmap for the advancement of DEXs as we enter the new year. While DEXs have their imperfections, their advantages far outweigh the drawbacks, positioning DeFi for a promising surge in the market . In the coming year, expect DEX developers to deepen their commitment to crafting a better user experience, focusing on building long-term solutions that support the ongoing goals of DeFi. Eric Waisanen is the CEO and founder of Astrovault . A graduate of University of California, Riverside, he is a seasoned expert in economic design and monetization strategies for emerging technologies, specializing in tokenomics and business development for Web 3.0 projects. Check Latest Headlines on HodlX Follow Us on Twitter Facebook Telegram Check out the Latest Industry Announcements 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 loses 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. Generated Image: Midjourney The post No Middleman, No Problem? What 2025 Holds for Decentralized Exchanges appeared first on The Daily Hodl .
The post Ethereum Price Prediction: ETH to $20K? Whales Loading Up for a Massive Bull Run appeared first on Coinpedia Fintech News Ethereum is struggling to maintain a level above $4k, even in a bull run, but where can Ethereum go? Coincodex has the Ethereum price prediction at quite bullish, but a $20k mark seems a ways off. This begs the question of whether Ethereum is a good investment or if there are alternatives like Lunex Network to set the market on fire. Ethereum (ETH): The Road To 20k? The market had a red week in the second week of December as investors took a well-deserved profit off the massive November gains. One of the tokens that underperformed was Ethereum. While Solana and Bitcoin – and a host of others – reached their ATHs during the November bull run, Ethereum maxed out at a hair over $4k, still almost $900 short of its ATH. The Ethereum price prediction is relatively bullish, and Coincodex predicts ETH will break the $4k mark by the new year. Is this enough, though? The Ethereum price prediction is said to max out this cycle at just under $7k in November next year before falling to about $4,700. But what about the mythical $20k mark for the Ethereum price prediction? Coincodex says that is a long time off. 2033, to be exact. That will mark a 5x return for Ethereum. The Bitcoin price prediction for the same timeline is over $700k for a 7x return. The Ethereum price prediction says it’s not a great investment. Lunex Network (LNEX): A Rising Star For The Next Bull Run The cryptocurrency market thrives on cycles, and during a bull run, savvy investors seek out opportunities with massive growth potential. While major tokens like Ethereum grab headlines, the real gains often lie with emerging platforms like Lunex Network . Lunex Network is a next-generation Web3 decentralized exchange offering users unparalleled ease of use, security, and scalability. Though utilizing non-custodial wallets, Lunex eliminates the need to keep tokens in exchange, which ensures complete user control over assets. Sporting over 50,000 trading pairs across multiple blockchains, it’s firing a warning shot across the bow of established exchanges like BNB and Uniswap: Lunex is coming! Unlike larger tokens that often plateau during bull runs, Lunex Network offers exponential growth potential. Its innovative technology, which combines on-chain and off-chain elements, ensures lightning-fast transactions while maintaining the decentralized integrity that crypto enthusiasts demand. Leveraging features such as a liquidity aggregator and a robust staking program, Lunex positions itself as the disrupting force in the DeFi and crypto exchange ecosystem. For investors looking to maximize returns, Lunex Network represents an opportunity to participate in a project designed for long-term scalability and user-focused innovation. While giants like Ethereum promise steady progress, Lunex could redefine expectations during the next bull run. Conclusion Investing in crypto can be highly lucrative, and the appeal to established tokens like Ethereum is undeniable. However, these big guns are not necessarily the best tokens to invest in, even in a bull run. The Ethereum price prediction is bullish, but it’s not bullish enough considering the growth potential of tokens like Lunex Network. Smaller undervalued tokens like Lunex Network can return 100x – even more – at the same time it would take Ethereum to make a mere doubling of value. It’s worth adding Lunex Network to a well-balanced crypto portfolio. Lunex Network is now available at $0.0046. You can find more information about Lunex Network (LNEX) here: Website: https://lunexnetwo r k.com Socials: https://linktr.ee/lunexnetwork
The post Solana Stars Pudgy Penguins ($PENGU) and Magic Eden ($ME) Lose Steam – Investors Believe This Could Be The Next Big Opportunity appeared first on Coinpedia Fintech News Recent token launches on the Solana network, such as Pudgy Penguins and Magic Eden, have quickly lost momentum as investors turn away from projects offering little to no utility. This is why so many investors continue to allocate toward the huge disruption of the Rollblock ($RBLK) GambleFi presale, which experts predict will return 50x this year on the strength of its growing community casino platform. Rollblock ($RBLK) Momentum Already At Fever Pitch During Presale Rollblock ($RBLK) is an opportunity that doesn’t come along very often in crypto, as this blockchain-backed betting platform seeks to disrupt the $450 billion online gambling industry with its focus on trust and transparency. Rollblock offers a fully functioning Web3 casino that includes over 7000 games alongside a sports betting league that opens up the huge world of esports to Rollblock gamers. The Rollblock community is currently rallying around this recent update on the Rollblock Discord server, sharing wins and adding to the massive hype. Everything is fully encrypted onto the Ethereum blockchain, meaning that all transactions can be verified to ensure a transparent gaming experience. This gives players peace of mind and prevents the house from manipulating bets. The $RBLK token runs the entire ecosystem and rewards its holders with exclusive VIP benefits, free spins, and staking rewards with hassle-free yield of up to 30%. Regular buybacks from Rollblock will ensure a deflationary supply, as 60% of these purchases are burned while the remaining 40% is placed back in the hands of community stakers. This lucrative rewards scheme will mean that demand will far outstrip supply in 2025 and boost the price of $RBLK up to 50 times higher than its current level of $0.043. Pudgy Penguins ($PENGU) Airdrop Meets With Market Apathy The Pudgy Penguins token was recently launched as members of the Pudgy Penguins NFT community were airdropped large numbers of coins, along with crypto OGs from various chains, including Solana and Ethereum. The Pudgy Penguins NFT floor price rose steadily in anticipation of this airdrop but has since fallen by 40% as the Pedgy Penguins token has not rallied as expected. Pudgy Penguins is down by 26% to trade at $0.02. Nonetheless, analysts believe that Pudgy Penguins could take its place as a leading NFT token as it represents one of the most recognizable brands in crypto. Magic Eden ($ME) Quests Fail To Propel Token Price Magic Eden has also failed to follow its early promise, falling from $10 on its initial launch at the start of December to its current level of $2.85. Magic Eden offers NFT and crypto token trading and can be staked for up to 4 years, requiring holders to lock up Magic Eden tokens for a set time frame. Magic Eden holders can perform quests to earn more rewards, a unique feature that should send Magic Eden into the top 100 next year. Rollblock Ready To Rock The Gaming World This Year While Pudgy Penguins and Magic Eden have yet to gain real momentum, Rollblock ($RBLK) remains the best bet for many investors to scale in early to one of the most promising projects in all of crypto gaming. Stage 9 tokens are selling out rapidly, and the price looks set for a further hike to $0.052 as it progresses to the next stage in the coming days. Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today! Website: https://presale.rollblock.io/ Socials: https://linktr.ee/rollblockcasino
The crypto space has been buzzing this December with exciting updates. Ethereum (ETH) remains the top choice for developers, with its network recording over 350,000 smart contract deployments this month alone. Meanwhile, Stellar (XLM) is breaking barriers with its crypto-based bulk payment platform, facilitating transactions worth billions of dollars annually. These innovations firmly establish Ethereum and Stellar as two of the best cryptos to buy in December 2024. Amid these developments, Qubetics ($TICS) is carving out its niche. With 363 million tokens sold and $7.3 million raised in its presale, Qubetics is emerging as a frontrunner in usability-focused crypto solutions. Its approach to solving real-world payment challenges makes it a project to watch. Qubetics: Simplifying Crypto for Everyday Use Crypto transactions can feel overwhelming for the average person, but Qubetics is rewriting the rules. Its non-custodial multi-chain wallet seamlessly integrates with Apple Pay and Google Pay, making crypto payments as intuitive as using a debit card. Imagine a small business owner who wants to accept crypto but fears market volatility. Qubetics has their back with its smart contract conversion mechanism , which automatically converts crypto into fiat at the point of sale. It’s secure, hassle-free, and ideal for entrepreneurs exploring digital payments. Freelancers will also find value in Qubetics, as it allows them to accept crypto payments and spend them instantly without complicated manual conversions. And for casual crypto users, the wallet’s easy-to-navigate interface and multi-chain support are game-changers. In its 13th presale stage, Qubetics has attracted 10,900 holders, with tokens priced at $0.0342 each. Prices are set to rise by 10% in the next stage, making this the perfect time to get involved. If you’re scouting for the best cryptos to buy in December 2024, Qubetics offers both innovation and investment potential. Ethereum: Leading in Developer Activity Ethereum (ETH) is no stranger to crypto enthusiasts, but December has been particularly noteworthy. The network has recorded over 350,000 smart contract deployments, a testament to its status as the go-to blockchain for decentralized applications (dApps). From DeFi projects to NFTs, Ethereum’s ecosystem continues to thrive. Ethereum’s scalability and staking upgrades are also drawing more investors. With staking rewards reaching an average annual yield of 5-6%, ETH is proving to be a lucrative option for those looking to earn passive income while holding their assets. As blockchain technology becomes more mainstream, Ethereum’s role as a foundational layer will only grow stronger. For investors eyeing long-term potential, Ethereum is undoubtedly one of the best cryptos to buy in December 2024. Stellar: Transforming Cross-Border Payments Stellar (XLM) is revolutionizing global financial transactions with its bulk payment platform. This innovation enables businesses and institutions to execute thousands of payments in seconds, making Stellar a favorite for cross-border remittances. With partnerships like MoneyGram, Stellar has facilitated billions of dollars in transactions, cementing its role in financial technology. Market projections for Stellar are promising, with analysts predicting a steady rise in XLM’s value over the coming years. As blockchain adoption grows in the financial sector, Stellar’s innovative solutions position it as a leader in global payments. For those seeking reliability and innovation in their investments, Stellar is a clear choice among the best cryptos to buy in December 2024. Wrapping It Up Qubetics is redefining crypto usability with its user-friendly wallet, Ethereum is driving blockchain innovation with its developer-friendly ecosystem, and Stellar is leading the charge in cross-border financial technology. Each of these projects offers unique strengths, making them indispensable in the crypto landscape. If you’re searching for the best cryptos to buy in December 2024 , Qubetics ($TICS), Ethereum (ETH), and Stellar (XLM) are excellent picks. Whether it’s usability, innovation, or scalability, these cryptos are setting the bar for success. Based on the latest research, we recommend Qubetics ($TICS), Ethereum (ETH), and Stellar (XLM). For More Information: Qubetics: https://qubetics.com/ Telegram: https://t.me/qubetics Twitter: https://twitter.com/qubetics The post Qubetics Hits $7.3M Milestone with 363M Tokens Sold as Ethereum Logs 350K Smart Contracts and Stellar Drives Billions in Payments appeared first on TheCoinrise.com .
The cryptocurrency market has encountered significant volatility following the recent expiration of $2.63 billion in options for Bitcoin and Ethereum, catalyzing shifts in market dynamics. With traders rapidly adjusting their
Cryptocurrency prices today are showing bullish momentum, with Bitcoin (BTC) rebounding above $97K after touching a low of $92K. Major altcoins like Ethereum (ETH) and XRP also saw gains, reflecting positive market sentiment. Hyperliquid (HYPE) and Virtual Protocol (VIRTUAL) emerged as top gainers, each rising by 25% in the last 24 hours. Hyperliquid’s price surge follows Bitget’s announcement of listing its token on their exchange, while Virtual Protocol’s increase is attributed to the launch of their GAME SDK. The global crypto market has also risen, reaching $3.38 trillion, up by approximately 0.5% in the last 24 hours. Trading volume surged by 10%, hitting $301 billion, showcasing increased activity in the market. Cryptocurrency Prices Today: BTC Above $97K, ETH, XRP, SOL Gain Cryptocurrency prices today reflect a positive shift, with Bitcoin (BTC) trading above $97K and major altcoins like Ethereum (ETH), XRP, and Solana (SOL) posting gains. Meme coins, including Dogecoin and Shiba Inu, also showed signs of recovery after recent declines. Bitcoin Price Today Bitcoin (BTC) price was trading at $97,412, reflecting a 1% increase in the last 24 hours. Its 24-hour low and high were $92,210 and $98,136, respectively. The market cap stood at $1.93 trillion, with a trading volume of $100 billion, while BTC’s market dominance was recorded at 56.83%. According to SoSo Value , BTC ETFs experienced outflows of $204 million, marking the second consecutive day of outflows after a long period. Additionally, Ark & 21Shares reported outflows of $87 million, while Fidelity recorded $71 million in withdrawals. Data from BlackRock regarding BTC ETF activity is still awaited. In other news, Michael Saylor unveiled a mechanism demonstrating how the U.S. could generate $81 trillion by establishing a Strategic Bitcoin Reserve . This proposal has sparked discussions on leveraging Bitcoin for national financial strategies. Ethereum Price Today Ethereum (ETH) price was trading at $3,466, reflecting a 1% increase in the last 24 hours. Its 24-hour low and high were $3,099 and $3,497, respectively. Cryptocurrency prices today highlight ETH’s market cap at $417 billion, with a trading volume of $62 billion and a market dominance of 12.32%. ETH ETFs saw an inflow of $28 million, with Fidelity purchasing $13 million worth of ETFs. Grayscale followed closely, buying $15 million in ETFs, while data from BlackRock is still awaited, which could influence cryptocurrency prices today. In other news, Donald Trump’s World Liberty Financial has reportedly accumulated more ETH during the recent price dip. This development underscores growing institutional interest in Ethereum despite market volatility. XRP Price Today XRP price was trading at $2.31, reflecting a 0.5% increase in the last 24 hours. Its 24-hour low and high were $1.97 and $2.338, respectively. Cryptocurrency prices today show XRP’s market cap at $130 billion, with a trading volume of $26 billion. It remains the fourth-largest cryptocurrency by market cap, with a market dominance of 3.86%. In other news, Ripple, the company behind XRP, has pledged $5 million in its native XRP token to support President-elect Donald Trump’s inauguration . This move highlights Ripple’s strategic initiatives and its commitment to fostering global partnerships. Solana Price Today Solana (SOL) price was trading at $193, with a 24-hour low of $175 and a high of $197. Cryptocurrency prices today show SOL’s market cap at $92 billion and a trading volume of $9 billion in the last 24 hours. Meanwhile, crypto analytics platform Glassnode reported significant capital movement across Solana assets, indicating heightened investor activity and interest in the Solana ecosystem. Meme Cryptocurrency Prices Today Meme coins have also followed the trend of major altcoins, with Dogecoin (DOGE) up by 1%, trading at $0.32. Similarly, Shiba Inu (SHIB) was also up by approximately 1%, trading at $0.00002259. Other top meme coins like PEPE, BONK, and WIF saw increases ranging from 2% to 9% in the last 24 hours, as cryptocurrency prices today show positive momentum in the meme coin market. Top Cryptocurrency Gainer Prices Today Hyperliquid Hyperliquid (HYPE) price surged by 25% in the last 24 hours, trading at $31.97. Its 24-hour low and high were $22.96 and $32.23, respectively. Cryptocurrency prices today highlight HYPE’s market cap at $8.69 billion, with a trading volume of $583 million. Virtual Protocol Virtual Protocol price also saw a 25% gain, trading at $2.734. Its 24-hour low and high were $2.03 and $2.842, respectively. The market cap stands at $2.73 billion. Ethena Ethena (ENA) price rose by 16%, trading at $1.16. Its 24-hour low and high were $0.85 and $1.224, respectively. In other news, Ethena Labs has partnered with Trump-backed WLFI to boost stablecoin liquidity and rewards by adding sUSDe as core collateral on Aave. Top Cryptocurrency Loser Prices Today Aptos (APT) Aptos (APT) price became the top loser for today, falling by 13% in the last 24 hours. It was trading at $10.23, with a 24-hour low and high of $9.90 and $11.77, respectively. The price drop is attributed to the resignation of Mo Shaikh, the co-founder and CEO of Aptos Labs , which has caused concerns within the community. Hedera Hedera (HBAR) became the second worst performer for today, with a 4% price drop, trading at $0.2688. Its 24-hour low and high were $0.23 and $0.28, respectively, with a market cap of $10 billion. In other news, the Hedera Foundation has announced Charles Adkins as its new CEO , effective January 1, 2025. Besides this, the hourly chart is showing a rebound in the crypto market after yesterday’s flash crash. Bitcoin (BTC) and major altcoins are showing positive momentum, indicating a recovery in cryptocurrency prices today. The post Cryptocurrency Prices Today Dec 21: BTC Hits $97K, HYPE and VIRTUAL Gain 25% appeared first on CoinGape .
Convertible bonds to fund bitcoin purchases have been lapped up by investors, but some fear impact if token falls sharply
In an interview with Yahoo Finance, US Senator Cynthia Lummis of Wyoming outlined a proposal to grant the Federal Reserve the authority to hold Bitcoin as part of the United States’ official reserves. She argues that this approach could improve the country’s long-term financial stability, strengthen the global role of the US dollar, and provide a valuable hedge against the nation’s ballooning national debt, which now surpasses 36 trillion dollars. Authority To Own Bitcoin “My proposal would have the US purchase, through other assets it already owns, 200,000 BTC a year for five years, for a total of a million,” Lummis reiterated her plans. “We would hold it for at least 20 years, and at the numbers that we project that would accrue a fund that’s worth about 16 trillion dollars. We want our federal government to have a Strategic Bitcoin Reserve ( SBR ) that can help back the US dollar, the world reserve currency, and then serve as a long-term savings account, thereby offsetting our national debt.” The senator’s remarks directly confront the current stance of Federal Reserve Chair Jerome Powell. At the latest Federal Open Market Committee press conference, Powell reiterated that the Federal Reserve Act restricts the institution from owning it. “We’re not allowed to own Bitcoin. The Federal Reserve Act says what we can’t own [it], and we’re not looking for a law change. That’s the kind of thing for Congress to consider, but we are not looking for a law change at the Fed,” Powell remarked on Wednesday. Lummis acknowledged this legal roadblock but remained determined to shift the conversation in Congress. She believes lawmakers need to give the central bank the authority to hold Bitcoin. “I understand the Federal Reserve believes it doesn’t have the legal authority to own Bitcoin,” Lummis said. “We need to give that to them. The Bitcoin the US already owns, roughly 200,000 Bitcoin, are within the asset forfeiture fund, and it’s important I think that we take that fund, scoop it over into a strategic Bitcoin reserve, and then add to it.” Her proposal aligns with principles set forth in the Bitcoin Act of 2024, introduced earlier this year. It seeks to establish a SBR in the US to enhance the national financial strategy. The Act involves setting up secure BTC storage facilities, purchasing 1 million BTC over five years, and funding these purchases through existing financial reserves without increasing taxpayer burden. “It absolutely is the right asset,” she said, describing BTC’s properties. “It is digital gold. It is a finite source—only 21 million BTC will ever be mined. Even though it’s slightly volatile, it’s always volatile in an upward leaning direction, and so the goal here of holding it for 20 years is in recognition that on the short term, there is short-term volatility. In the long term, there is long-term growth that far exceeds the ability of the US dollar to keep up.” Lummis cited historical growth trends to bolster her argument. Although Bitcoin has existed for only 15 years, she views its long-term trajectory as overwhelmingly positive. While she acknowledges that growth may slow from the early years—declining from 55% annual growth to figures like 45% or 35%—it would still, in her estimation, “continue to grow, where the US dollar will continue to decline in value.” She sees in these figures a bulwark against the inexorable erosion of purchasing power that comes with a currency deliberately managed to produce steady inflation. Senator Lummis says she wants to give the Federal Reserve the authority to own Bitcoin. “I want our federal government to have a Strategic Bitcoin Reserve – buying 200,000 $BTC a year for 5 years, and holding it for 20 years.” pic.twitter.com/g0nVZWKtK7 — Bitcoin Archive (@BTC_Archive) December 19, 2024 At press time, BTC traded at $95,324.
Bitcoin and Ethereum face volatility after $2.63B options expiry, with prices below key levels.