Electric Elon Musk could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Electric Elon Musk (ELECMUSK), a new Solana memecoin that was launched today, is set to explode over 18,000% in price in the coming days. This is because ELECMUSK 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, Electric Elon Musk 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 Electric Elon Musk could become the next viral memecoin. Electric Elon Musk 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 Electric Elon Musk 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 Electric Elon Musk by entering its contract address – GLb1x7V9aav8iRjsxgG5UXdxLdk7YkrkcnKYByr542UD – 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 ELECMUSK. 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.
Michael Saylor has shared another Bitcoin statement as coin reverses its growth trends
Cathie Wood is making bold predictions about the future of both mergers and acquisitions (M&A) and Bitcoin under a potential Trump administration. ...
Binance, the world's largest cryptocurrency exchange, announced in its official statement that it will list aixbt by Virtuals (AIXBT), Fartcoin (FARTCOIN), Kamino Finance (KMNO) and ChainGPT (CGPT) altcoins in the futures market. Interestingly, none of these four altcoins are traded on the spot market on Binance. However, it is worth noting that three of them are listed on Binance Alpha. Binance Alpha is a platform within Binance Wallet designed to highlight early-stage projects with growth potential within the Web3 ecosystem. Some tokens featured on Binance Alpha may be considered for listing on the spot market in the future. Related News: El Salvador Takes Another Step Back on Bitcoin - Country's BTC Officer Issues Statement Among the listed tokens, Fartcoin is a memecoin, Kamino Finance is a type of DeFi token, and the rest fit the artificial intelligence theme. *This is not investment advice. Continue Reading: Binance Announces the Listing of Four New Altcoins on Futures: None Listed on Spot
Bitcoin fell as low as $92,115, with crypto market recording $1.42 billion in liquidations
A US court of appeals has announced further dates for the XRP lawsuit, as per the notice of appeal filing in the district court. Notably, the opening brief will be filed on March 6 next year, whereas and Ripple Labs, XRP II and CEO Brad Garlinghouse will file their reply to the appellant’s principal brief by April 7, 2025. Meanwhile, the US Securities and Exchange Commission is preparing to file its principal brief before Chair Gary Gensler steps down as SEC Chair. US Appeals Court Release Dates for Ripple XRP Lawsuit The United States Court of Appeals for the Ninth Circuit confirmed receiving notice of appeal and assigned a docket number for the Ripple lawsuit. The appeals court asked parties that any motions seeking relief from this court must be separately filed. Similar to the US SEC appeals filing, the plaintiff must file a Disclosure Statement within 14 days of this notice. The failure to file the required documents in the appeals court will dismiss the appeal in XRP lawsuit. As per the scheduled order , plaintiff Bradley Sostack needs to file Mediation Questionnaire by December 23. Appeal Transcript Order and Appeal Transcript are scheduled for December 31 and January 30. The plaintiff will submit an opening brief on March 6, setting the stage for the appeals against Ripple and CEO Brad Garlinghouse. Appeal Answering Brief by Ripple Labs, XRP II and Garlinghouse are due by April 7. “If there were reported hearings, the parties shall designate and, if necessary, cross-designate the transcripts pursuant to 9th Cir. R. 10-3. If there were no reported hearings, the transcript deadlines do not apply,” as per the court. District Court Rule in Favor of Ripple CoinGape earlier reported, lead plaintiff Bradley Sostack appealed against recent judgments in favor of Ripple Labs, XRP II and CEO Brad Garlinghouse. Judge Phyllis Hamilton granted the motion to amend the order pertaining to judgment and stay in the XRP lawsuit. Both parties submitted a proposed order to the court, agreeing that there was no reason to delay judgment as class claims were resolved. Meanwhile, Ripple vs SEC lawsuit in the Second Circuit Appeals Court is in focus. Ripple executives and the crypto community are confident about the dismissal or withdrawal of the lawsuit. However, some have raised concerns about Gary Gensler creating problems as he steps down on January 20, five days after the principal brief deadline. The post XRP Lawsuit: US Appeals Court Announces Schedule for Ripple Case appeared first on CoinGape .
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Amid the ongoing cryptocurrency market downturn, World Liberty Financial (WLFI), a decentralized finance project associated with President-elect Donald Trump, has increased its Ethereum (ETH) holdings. Recent data from Etherscan reveals that the project has acquired over 1,481 ETH in a single day, continuing its strategy of buying during market dips. Donald Trump’s World Liberty Financial Buys More ETH World Liberty Financial has been actively purchasing ETH throughout December, using USD Coin (USDC) for the transactions. On Monday, the project added 759 ETH at an average price of $3,651, spending approximately $2.5 million. As of now, WLFI’s Ethereum portfolio includes 16,362 ETH valued at $54.62 million, though market volatility has reduced its overall ETH gains. Trump's World Liberty( @worldlibertyfi ) spent 2.5M $USDC to buy 759 $ETH again 20 minutes ago. So far, #WorldLiberty has bought a total of 9,587 $ETH ($35M) at an average price of $3,651. Their loss on $ETH has narrowed to $3.4M. https://t.co/h3YVUEyx6L pic.twitter.com/yAeUqGet1r — Lookonchain (@lookonchain) December 20, 2024 Despite the broader decline in crypto prices , WLFI’s cumulative ETH purchases total $35 million, with an average cost per ETH at $3,651. However, due to the recent price slump, the project’s losses on Ethereum have narrowed to $3.4 million, down from prior estimates. Diversified Holdings and Recent Purchases WLFI’s cryptocurrency portfolio is not limited to Ethereum. The project also holds 103.15 Wrapped Bitcoin (WBTC) worth $9.83 million, 6,137 AAVE tokens valued at $1.84 million, and 78,387 Chainlink (LINK) tokens totaling $1.75 million. Additionally, WLFI possesses holdings in less well-known tokens like ENA and ONDO, which are valued at $740,000 and $230,000, respectively. The recent addition of 1,481 ETH at an average price of $3,374.79 brings the project’s total ETH purchases in December to over 9,500 ETH. WLFI also exchanged $10.4 million of Coinbase-backed cbBTC for Wrapped Bitcoin after Coinbase announced its plans to delist the asset. Justin Sun’s Involvement Boosts Project The project received a financial boost last month after Tron blockchain founder Justin Sun became its largest investor. Sun invested $30 million in WLFI tokens, bringing total token sales to $50 million. Before this, the project had sold less than a quarter of its $300 million WLFI token goal. The involvement of prominent figures like Sun has drawn attention to the project. Blockchain analysts suggest the strategy of acquiring high-profile tokens like Ethereum and Bitcoin may enhance investor trust in WLFI. However, the project’s long-term success hinges on its ability to generate revenue and meet its token sale targets. Whales start accumulating $ETH after the market rebounds! In the past 30 minutes, 4 fresh wallets(probably belonging to the same whale) withdrew 8,440 $ETH ($28.43M) from #Binance . Address: 0xa7c8823c2d8CAF8C86F1F572Ac6902964c109bb4 0xf2500B6014dfe916B8e7706434e21B5FB2191A15… pic.twitter.com/qnMq2IEa2Z — Lookonchain (@lookonchain) December 20, 2024 Concurrently, WLFI’s acquisitions come as Ethereum price hovers near the $3,300 mark, with analysts predicting further price movements in the lead-up to the holiday season. Experts suggest that whale accumulation, like today’s 8,440 $ETH ($28.43M) whale move coupled with strong on-chain metrics, could drive ETH prices toward $5,000 by the end of December. The post Donald Trump’s World Liberty Financial Accumulates More ETH Amid Price Crash appeared first on CoinGape .
Crypto firm Gate.io has revealed plans to discontinue perpetual contracts for five well-known privacy coins. Gate.io to Delist Privacy Coin Perpetuals Starting Dec. 25, 2024, trading for monero (XMR), dash (DASH), zcash (ZEC), horizen (ZEN), and verge (XVG) will switch to “reduce-only” mode, allowing traders to close existing positions but not open new ones. By
Tesla’s stock is on a ride so wild it could make Bitcoin blush. The company’s valuation sits at $1.4 trillion, placing it as the eighth most valuable business in the world. That’s higher than most countries’ GDP. But here’s the thing: Tesla’s forward price-to-earnings (P/E) ratio is 131.7. The S&P 500’s average? A mere 21.6. Analysts say to justify this nosebleed-level valuation in 2025, Tesla needs more than buzzwords and Elon Musk’s Twitter antics. It has to deliver actual results, starting with its long-touted robotaxi ambitions. Oh, and let’s not forget about its bread-and-butter business of selling EVs, which is under pressure like never before. Robotaxis or bust Tesla’s future rides on its ability to pull off the ultimate flex: a fleet of fully autonomous robotaxis. Elon gave the world a peek at Tesla’s robotaxi concept at the “We Robot” event in October, but it was more of a teaser trailer than blockbuster debut. The demonstration happened on Tesla’s own campus, and nobody knows if these cars can handle the real world—or just Tesla’s backyard. Stephen Gengaro from Stifel, though, sees hope. With Donald Trump back in the Oval Office, deregulation could smooth the path for Tesla’s self-driving tech. He said, “The reaction in the stock since the election is really coming out of this easier path to regulatory approvals and getting full, unsupervised [FSD] approved.” EV sales under pressure While Tesla’s stock flies high, its core EV business is feeling the heat. EV sales grew just 3.1% in the first nine months of 2024. For context, Tesla’s growth was 51.4% in 2022. That’s a nosedive. Analysts are still hopeful for an 18% rebound in 2025, but the road ahead is rocky. The Trump administration’s plan to cut the $7,500 federal EV tax credit isn’t helping. Goldman Sachs says scrapping the credit could stall U.S. EV demand until 2040. The company expects EVs to make up 8.5% of new vehicle sales in 2025—down from earlier estimates of 9%. But there’s a twist. Deutsche Bank thinks the incoming tax credit repeal could trigger a short-term buying frenzy as customers rush to cash in before it’s gone. Deutsche Bank analysts wrote , “We could potentially see a near-term pull-forward in EV purchases ahead of the elimination.” The longer-term outlook is less rosy. Tesla’s competitors, like Ford and General Motors, rely heavily on those credits to stay competitive. Elon himself admitted that while losing the credit hurts Tesla, it hits legacy automakers even harder. Tesla’s global growth story hinges on China. Deutsche Bank estimates Tesla will deliver about 510,000 vehicles in Q4, with the majority coming from its Chinese operations. But to hit year-over-year growth targets, Tesla would need to deliver 515,000 units—a shortfall that could keep investors on edge. China is also a manufacturing powerhouse. Any hiccup in Tesla’s Chinese operations could ripple through its global supply chain and revenue streams. Elon’s Trump card Elon’s cozy relationship with Trump is proving to be Tesla’s secret weapon. Elon has been appointed co-leader of the Department of Government Efficiency, aka “DOGE”—yes, it’s a nod to the memecoin. The Trump administration is reportedly considering scrapping certain car-crash reporting requirements, a move Elon has long pushed for. This partnership isn’t just about cutting red tape. Elon donated $277 million to Trump’s campaign, cementing their alliance. If this bromance holds, Tesla could benefit from policies that fast-track its robotaxi and FSD goals. But it’s a double-edged sword. Policies like tariffs on imports from China, Mexico, and Canada could hurt Tesla’s bottom line. Even with all these tailwinds, Tesla’s valuation looks bloated. Goldman Sachs has a price target of $345 per share, 21% below its current level. Nearly half of analysts surveyed by FactSet rate the stock as a “buy,” but 30% remain neutral. From Zero to Web3 Pro: Your 90-Day Career Launch Plan