A widely followed crypto analyst says that one Solana ( SOL )-based meme asset with a $1.89 billion market cap is going to zero against Dogecoin ( DOGE ). In a new strategy session, pseudonymous crypto strategist DonAlt tells his 637,200 followers on the social media platform X that even though memecoin dogwifhat ( WIF ) could bounce soon against DOGE, it’s ultimately going to zero against it. “Told everyone who wanted to hear that this was the ‘safest’ trade to take if you wanted to be hedged. Think that’s not the case anymore, think short-term WIF could bounce against DOGE. Generally think WIF is going to zero against DOGE though so relief would be temporary in my opinion.” Source: DonAlt/X According to DonAlt’s chart, WIF/DOGE should careen all the way down to zero dollars sometime during the second half of 2025. DOGE is trading for $0.309 at time of writing, a 10% drop in the day while WIF is valued at $1.98, a 12% dip during the last 24 hours. Moving on to smart contract platform Ethereum ( ETH ), DonAlt says that if the top altcoin fails to hold the $2,900 price point as support, then investors have been tricked by the “worst cycle” ever. “Didn’t think it would still come but here we are, looks decent around $2,900 in my opinion. We start losing that and we all got bamboozled and this is the worst cycle in crypto history.” Source: DonAlt/X Ethereum is trading for $3,339 at time of writing, a 5.6% decrease on the day. 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. Generated Image: DALLE3 The post Billion-Dollar Solana-Based Memecoin Is ‘Going to Zero’ Against Dogecoin, Warns Top Crypto Trader appeared first on The Daily Hodl .
Hyperliquid, Bitget token and Movement added between 25% and 50% to their value this week. The three tokens have extended their gains in the past hour. Amidst Bitcoin’s ( BTC ) crash under the $100,000 mark and market-wide correction in altcoins, these tokens hold on to their recent gains. An analysis of technical indicators shows it is likely that Hyperliquid ( HYPE ), Bitget token ( BGB ) and Movement ( MOVE ) extend their rally. Table of Contents Bitcoin decline does not fade these altcoin gains HYPE, BGB and MOVE post double-digit rallies Derivatives traders make moves in the altcoins Strategic considerations Bitcoin decline does not fade these altcoin gains Bitcoin slipped to a low of $92,232 on Friday after a steep correction from its $100,000 milestone. Bitcoin’s decline led to a market-wide correction in altcoins across categories on Thursday and Friday. Even as the crypto market endured a bloodbath, Hyperliquid, Bitget token, and Movement held on to their gains over the past seven days. Bitcoin’s decline is likely short-lived, and on-chain metrics paint a bullish picture for BTC. BTC is likely entering the latter stages of its bull run; some on-chain indicators point to a cooling or slight overheating, with most metrics signalling a significant upside in 2025. The $100,000 milestone has emerged as a key resistance level for Bitcoin, and the cycle top is likely to emerge between $150,000 and $200,000. HYPE, BGB and MOVE post double-digit rallies HYPE hovers around $30 at the time of writing. The decentralized layer-1 blockchain specializes in trading and has amassed $2.191 billion in total value of locked assets, according to DeFiLlama data. HYPE is currently 45% below its all-time high at $42.252. If the Layer 1 token enters price discovery, it could rally towards $60.491, the 161.8% Fibonacci retracement of the rally from the December 10 low to the December 12 peak, as seen in the 4-hour price chart. The Relative strength index reads 62 and is sloping upwards. The moving average convergence divergence, a key momentum indicator, flashes red histogram bars under the neutral line. However, traders need to keep their eyes peeled as the MACD line prepares to cross above the signal line. This move could signal a shift in underlying momentum from negative to positive. HYPE/USDT 4-hour price chart | Source: Crypto.news HYPE could find support in the Fair value gap between $20.250 and $20.600. Bitget token (BGB) competes with exchange tokens like OKB of OKX and BNB of Binance. The token surged to an all-time high of $4.90 on Thursday, marking an increase of over 520% in the past 12 months. In December, BGB climbed from $1.50 to its current high, indicating a monthly gain exceeding 100%. BGB’s technical indicators remain bullish, however traders need to be cautious before adding to their positions in BGB since RSI is above 70 and shows that the token is overvalued. BGB/USDT daily price chart | Source: Crypto.news If there is a correction, BGB could find support in the zone between $3.1370 and $3.4125, an FVG on the daily price chart. Movement (MOVE) is the native token of the Layer 2 network built on Ethereum to boost scalability and introduce advanced features for users. MOVE gained nearly 25% in the past seven days, according to CoinGecko data. The MOVE/USDT 4-hour price chart on Binance shows two key zones for MOVE: the resistance between $0.8891 and $0.9038 and the support zone between $0.6509 and $0.6836. Technical indicators on MOVE’s price chart support the thesis for further gains in the Layer 2 token. MOVE hit its all-time high on December 10, following its listing on Binance, at $1.4100. Since then, MOVE corrected and started its recovery on Wednesday. MOVE/USDT 4-hour price chart | Source: Crypto.news You might also like: This low-cap token could crush Ethereum in 2025 Derivatives traders make moves in the altcoins Data from Coinglass shows that open interest in HYPE is up nearly 75% in the past 24 hours. The token is gaining relevance among market participants after adding to its value in the past week. Open interest in Hyperliquid exceeds $42 million. Interestingly, the BGB token seems to have lost its relevance among traders, and OI is down 33.38%, down to $46.85 million. The long/short ratio is 0.8258, under 1, meaning there are more short positions than long, and traders are likely bearish on the token. Derivatives traders are bullish on MOVE, and there is an excess of long positions since the long/short ratio exceeds 1 on Binance and OKX. The OI climbed 18% and exceeds $101 million, according to Coinglass data. MOVE futures open interest | Source: Coinglass You might also like: Here’s why MOVE rallied 26% as the crypto market tanked Strategic considerations If the inflow of institutional funds to Bitcoin ETFs slows down, Bitcoin could be faced with a further correction before the end of 2024. A decline in BTC typically negatively affects altcoins and tokens across all categories. Traders need to be cautious of adding to their long positions. Recent gains in tokens like HYPE, MOVE and BGB could be erased in the event of a flash crash or market-wide bloodbath, as the one noted on Wednesday and Thursday this week. Bitcoin is back above $97,000 on Friday, and a return above the $100,000 mark could support extended price rallies in altcoins. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Hyperliquid, Bitget token and Movement added between 25% and 50% to their value this week. The three tokens have extended their gains in the past hour.
Pepeto and Wall Street Pepe race for 2025's meme coin title. #partnercontent
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Pepeto and Wall Street Pepe race for 2025’s meme coin title. Table of Contents Pepeto’s Journey: Transforming meme coin adoption with a legendary story Wall Street Pepe: A practical approach to empowering traders Pepeto stands out: Uniting hype, story, and utility Pepeto could be the next 200x meme coin Pepeto’s Journey: Transforming meme coin adoption with a legendary story Pepeto, heralded as the God of Frogs, has captured the crypto world’s attention with a narrative unlike any other. Its tale revolves around the retrieval of six mythical documents — P, E, P, E, T, and O — symbolizing Power, Energy, Precision, Efficiency, Technology, and Optimization. These principles form the core of Pepeto’s ambitious ecosystem, which is designed to adopt and support the next wave of meme coins. With its zero-fee exchange and advanced cross-chain bridge, Pepeto is not just another meme coin — it’s a project aiming to reshape the market as the crypto world anticipates the transformative 2025 bull run. Wall Street Pepe: A practical approach to empowering traders Wall Street Pepe has emerged as a notable contender in the meme coin sector, focusing on equipping traders with actionable insights. The project’s trading signals and alpha calls provide smaller investors with the tools to emulate whale-level strategies. Offering a 42% APY staking rewards and priced at $0.0003651, Wall Street Pepe appeals to traders seeking tactical, short-term gains. While WEPE’s practical utility appeals to retail traders, its focus on trading tools contrasts sharply with Pepeto’s broader vision for the future of meme coins. Pepeto stands out: Uniting hype, story, and utility Pepeto brings a unique blend of storytelling and cutting-edge utility to the table, setting it apart from its competitors. Currently priced at $0.000000098 during its presale phase, Pepeto offers a significant opportunity for early investors. Its ecosystem is built on features like zero-fee trading, a seamless cross-chain bridge, and staking rewards, ensuring long-term adoption and value. With the upcoming beta launches of its exchange, bridge, and swap functionalities, Pepeto is poised to solidify its position as a leader in the meme coin space. This combination of utility, a growing community, and an inspiring narrative makes Pepeto a standout project that’s already igniting massive interest. Pepeto could be the next 200x meme coin With the same total supply as Pepe — 420 trillion tokens — Pepeto is positioned for exponential gains. If it reaches Pepe’s current price, early investors stand to gain up to 200x on their initial investments. The intrigue doesn’t stop there — rumors suggest that a former team member of Pepe, instrumental in its early success, is now behind Pepeto. This adds a compelling layer to the narrative, as Pepeto’s mythos casts Pepe, also known as Lucifer, as having stolen the sacred documents of P, E, P, and E from Pepeto. With its unmatched hype, transformative ecosystem, and low presale price, Pepeto is not just a meme coin — it’s a phenomenon poised to dominate the 2025 bull run. About Pepeto Pepeto is a cryptocurrency project that combines the charm of meme coins with a powerful utility-focused ecosystem. Built to empower the next wave of tokens, Pepeto features a zero-fee exchange, a cross-chain bridge for effortless token swapping, and staking rewards designed to benefit long-term holders. To learn more about Pepeto, visit their website , X , YouTube , Telegram , Instagram , or TikTok . Read more: Pepeto vs. Wall Street Pepe: Competing visions for frog-themed dominance in 2025 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.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. CYBRO surges 200% to $0.1871 within 24 hours of listings on MEXC and Gate.io, with $2.5M trading volume. CYBRO , the native token of the new AI-powered earn marketplace, has jumped over 200% in the first 24 hours after its exchange listings. CYBRO was listed on both MEXC and Gate.io last week , on Dec. 14. Exciting both early and new investors, CYBRO’s price shot to $0.1871 from its listing price of $0.06 shortly after appearing on the exchanges. CYBRO’s trading volume has also managed to climb to $2.5 million, signaling the strong public appeal this new project has garnered. Source: TradingView Currently priced at 0.06445, CYBRO’s trading range shows signs of consolidation. It has a support forming near $0.063 and resistance visible at around $0.07. If the price holds strong above the support level, there could be a breakout to $0.10. But if the support fails, there could be further declines. Nonetheless, analysts are optimistic and see a quick recovery in the coming days. You might also like: CYBRO’s massive $7M presale sparks predictions it will surpass ADA and XRP by 2025 Presale and community support Launched in 2024, CYBRO is a multichain AI-powered yield aggregator. The marketplace provides reliable web3 investment choices with AI-driven investment portfolio management. Prior to its listings on Gate.io and MEXC, CYBRO amassed $7 million in its presale and attracted nearly 19k holders. CYBRO’s early adoption and community support can be seen as the reason behind its rapid price rise and presale success. CYBRO also maintains an active community presence on platforms like X , Discord , and Telegram with regular posts and strong engagement. Future prospects and goals CYBRO’s listings on Gate.io and MEXC were part of the project’s long-term vision and its fourth-quarter goals. The other targets the platform maintains for this quarter include features like staking, token generation events, one-click investment, and airdrops. The project is also working on improving its interface with updates such as redesigned dashboards and detailed vault pages. However, this is not all. According to its latest Medium blogpost, CYBRO’s more future-focused goals consist of the launch of a user-friendly crypto wallet, partnering with major DeFi platforms, and community incentives for long-term engagement and loyalty. Considering the fact that this up-and-coming platform has managed to achieve all its milestones so far, it can be expected that it will meet these as well. Technical analysis According to CoinCodex , the price of CYBRO is predicted to rise by 250.27% and reach $0.225754 by January 18, 2025. As per its technical indicators, the current Fear & Greed Index is showing 75 (Greed). Analysts forecast that CYBRO could reach $ 0.101218 by the end of 2024, representing a potential gain of approximately 57.05% from its current price. This analysis suggests that bullish price movements may occur sooner than anticipated, provided the overall cryptocurrency market maintains its upward momentum. A smart option Everything we’ve learned about CYBRO so far points to it being a promising new entrant in the crypto space. That said, all new projects need to be thoroughly vetted, and investors must research well before parting with their money. Read more: After its $7m presale, CYBRO token gears up for listing on Gate.io and MEXC 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.
CYBRO surges 200% to $0.1871 within 24 hours of listings on MEXC and Gate.io, with $2.5M trading volume. #partnercontent
Are the recent liquidations and falling prices setting the stage for a longer crypto winter, or could this be the breather before another bull run? Table of Contents Crypto market stumbles as year-end draws near Fed’s interest rate moves spark volatility Traditional market volatility drags crypto lower Expert takes: Is this a bull market breather? Crypto market stumbles as year-end draws near As the year winds down, the crypto market seems to be taking a pause after a prolonged bullish run, with the global market cap shedding more than 6% to settle around $3.47 trillion as of Dec. 20. Bitcoin ( BTC ) has slipped below the crucial $100,000 mark, trading at $96,680 as of this writing — a drop of nearly 3.5% in the past 24 hours. BTC 6-month price chart | Source: crypto.news Ethereum ( ETH ), the second-largest crypto by market cap, has experienced an even sharper decline, tumbling 6% over the same period and accumulating weekly losses of 15%, leaving it at $3,400 levels. The decline hasn’t spared the rest of the market either. Top 100 altcoins recorded losses ranging between 10% and 20%, while meme coins — known for their wild price swings — were hit the hardest, with an average sector-wide decline of 12%. Dogecoin ( DOGE ), for instance, plunged over 12% to $0.31, and Shiba Inu ( SHIB ) fell nearly 10% to $0.0000211. Other popular meme tokens like Floki ( FLOKI ), Bonk ( BONK ), and Pepe ( PEPE ) followed suit, with their weekly losses spiralling between 35% and 40%. Adding to the chaos, the futures market revealed staggering liquidation figures. Over 374,000 traders were liquidated in the past 24 hours, totalling $1.37 billion, according to Coinglass. Of these liquidations, $1.13 billion came from long positions, a clear sign of overly optimistic bets gone wrong. Bitcoin alone accounted for $320 million in liquidations, mostly from long positions, while Ethereum saw $308 million wiped out, with $263 million tied to longs. 24-hour liquidation heat map | Source: CoinGlass A closer look at open interest — the total value of outstanding futures contracts — suggests that the market may be entering a bearish phase. Bitcoin’s open interest had climbed steadily over the past few months, rising from $32 billion in early October to $68 billion by Dec. 18. However, this has now dropped to $62 billion as of Dec. 20, coinciding with the sharp price decline. BTC 3-month open interest chart | Source: CoinGlass Typically, when both open interest and prices fall, it signals bearish momentum, as it reflects traders closing positions and reducing exposure during market uncertainty. Fed’s interest rate moves spark volatility The sharp correction in the crypto market can be attributed largely to the U.S. Federal Reserve’s latest interest rate decision and its accompanying commentary. On Dec. 18, the Fed announced its third interest rate cut of the year, reducing the federal funds rate by 0.25% to 4.5%. While this move was widely anticipated and brought the cumulative reduction for the year to 1%, the central bank’s messaging carried a more cautious tone. Fed officials cleared that only two additional cuts are planned for 2025, and any further adjustments will depend on inflation trends and overall economic conditions. The Fed’s measured approach reflects its ongoing struggle to control inflation, which is expected to stay above its 2% target until at least 2026. The announcement sent shockwaves through financial markets, particularly risk-sensitive assets like crypto and stocks. U.S. equity markets reacted sharply, with the Dow Jones and Nasdaq 100 both tumbling over 2%. At the same time, bond yields surged as investors sought the safety of treasuries. The 10-year yield climbed to 4.557%, while the 30-year yield hit 4.7%. Meanwhile, the U.S. dollar index spiked to a two-year high, further tightening financial conditions and adding pressure to global markets, including crypto. Bitcoin’s climb above $100,000 earlier this month was undeniably a milestone, and Ethereum’s rally past $3,500 similarly ignited widespread optimism. However, such euphoric sentiment often prompts traders to lock in profits, especially when markets exhibit sharp corrections following extended rallies, as risk appetite wanes and traders adjust their positions. This time was no different. As investors shifted toward safer options like treasuries and cash, crypto faced a dual blow of reduced demand and panic-induced selling. The sell-off quickly escalated, triggering widespread liquidations as leveraged positions were forcefully unwound in futures markets. The cascading effect of these events drove prices sharply lower, plunging the crypto market firmly into correction territory. Traditional market volatility drags crypto lower The recent turmoil in traditional financial markets is spilling into the crypto space, with Bitcoin feeling the brunt of macroeconomic pressures that have left investors scrambling. A closer look at the situation through the lens of Kobeissi Letter’s analysis sheds light on how rising volatility, changing market correlations, and the broader macroeconomic conditions are shaping the current narrative for Bitcoin and crypto assets. The Volatility Index (VIX), often referred to as the “fear gauge” for traditional markets, has surged nearly 100% this week, suggesting heightened uncertainty. History will be made today: As the Nasdaq is down over -6% from its high in just 5 days, there are a MASSIVE amount of options expiring today. In fact, a record $6.6 TRILLION worth of options are expiring, based on notional value. What does this mean exactly? (a thread) — The Kobeissi Letter (@KobeissiLetter) December 20, 2024 This surge coincides with the Federal Reserve’s hawkish stance, which, while cutting rates on Dec. 18, suggested a slower pace of cuts ahead, rattling risk assets, including Bitcoin, as higher-for-longer rates have made safe-haven investments like U.S. Treasury bonds increasingly attractive. The 10-year Treasury yield has now climbed to 4.5%, with fears of a rise toward the 5% level, a threshold that previously triggered corrections in both equities and crypto markets. Diving deeper, Bitcoin’s performance can often be understood in relation to its correlation with traditional financial indices. Earlier this year, Bitcoin shared a strong positive correlation with the Nasdaq and S&P 500 — peaking at 0.9 and 0.86, respectively, in June. This meant Bitcoin largely moved in tandem with tech stocks, benefiting from the same risk-on sentiment. BTC 1-year correlation chart with Nasdaq and S&P 500 | Source: The Block However, in mid-July, this correlation flipped to -0.87 and -0.86, signaling a rare divergence where Bitcoin briefly acted as a hedge during equity market weakness. More recently, as of Dec. 19, these correlations have softened to 0.57 for the Nasdaq and 0.38 for the S&P 500. While Bitcoin still reacts to macroeconomic shifts, its price movements have started to reflect unique pressures, such as spot ETF inflows and outflows and other crypto-related developments in the U.S. In the short term, Bitcoin faces a series of hurdles. Rising Treasury yields are diverting institutional capital toward safer assets, while equities are struggling to find support amid heightened volatility. However, the softening correlation between Bitcoin and traditional indices suggests that the crypto market is not entirely beholden to broader market trends. This decoupling, if it continues, could allow Bitcoin to carve out a more independent narrative, but only if it can withstand the current macroeconomic storm. Expert takes: Is this a bull market breather? Experts remain divided on Bitcoin’s short-term trajectory, but there’s a common thought: this correction, while unsettling, may not signal the end of the bull market. Lark Davis draws on historical parallels to provide perspective. “In December 2020, Bitcoin dropped 12% after a massive rally, only to surge 136% within the next 23 days.” He points out that the current 13% dip follows a similarly strong Q4 performance. If you're worried that this is the end of the bull market, know this: In December 2020, $BTC dumped 12%, after witnessing a 77% rally in October-November. It then went from $17,000 to $41,000 (a 136% move) in the next 23 days. Something similar is happening right now, with… pic.twitter.com/lFPSy3JjTt — Lark Davis (@TheCryptoLark) December 20, 2024 While Davis warns that a further correction of 10-15% remains possible, he underscores that “there’s plenty of fuel left in the tank” for Bitcoin and the broader crypto market. Adding to this perspective, Rekt Capital says that corrections during price discovery phases are both common and necessary. “Price discovery corrections tend to last a few weeks, and there are usually up to four in a bull market cycle.” #BTC Price Discovery Corrections tend to occur between Week 6 and Week 8 They tend to last a few weeks Also, there tend to be up to 4 Price Discovery Corrections at most until a Bull Market ends This is first Price Discovery Correction in this cycle Which means it is an… — Rekt Capital (@rektcapital) December 20, 2024 According to Rekt Capital, this is the first such correction in the current cycle, making it “an optimal re-accumulation opportunity with a high probability of price reversal to the upside.” Michaël van de Poppe takes a slightly different angle, focusing on the potential for consolidation. He notes that Bitcoin’s dip below $102K triggered a sharp decline in altcoins, but such volatility is expected in a high-growth market. Period of calm for #Bitcoin . Dropped beneath $102K and resulted into a flash crash on #Altcoins . These are opportunities and those drops will continue to happen. However, from here on, I expect that Bitcoin will consolidate and altcoins are having their next run. pic.twitter.com/x7sEP1mEn4 — Michaël van de Poppe (@CryptoMichNL) December 20, 2024 “These are opportunities, and those drops will continue to happen,” he says. From here, he anticipates Bitcoin consolidating while altcoins potentially see another rally. Beyond these short-term assessments, macro developments signal longer-term opportunities. Bitcoin Magazine reported that Groupe BPCE, a major French bank with 35 million users and $1.5 trillion in assets, has received approval to launch Bitcoin and crypto investment services. JUST IN: $1.5 trillion Groupe BPCE subsidiary gets approval to launch #Bitcoin and crypto investment services for its 35 million users. Groupe BPCE is one of the largest banks in France 🇫🇷 pic.twitter.com/3hr7mTv7DF — Bitcoin Magazine (@BitcoinMagazine) December 20, 2024 The steady integration of Bitcoin into mainstream financial ecosystems, coupled with its increasing accessibility to retail investors, could act as a counterweight to current market fears. However, risks remain. Elevated Treasury yields, macroeconomic uncertainty, and rising volatility in traditional markets continue to pose challenges. Traders and investors should exercise caution, as further volatility can result in more dips. Trade wisely and never invest more than you can afford to lose. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Are the recent liquidations and falling prices setting the stage for a longer crypto winter, or could this be the breather before another bull run? Crypto market stumbles as year-end draws near As the year winds down, the crypto market…
Michael Saylor publishes a Bitcoin and crypto framework for the US government, highlighting transparency, decentralization, and innovation. The post Michael Saylor publishes Bitcoin and crypto framework for the US government appeared first on Crypto Briefing .