Matai Tagoa’i, a rising star in college football, is making headlines by choosing to receive part of his NIL earnings in Bitcoin, signaling a shift in athlete compensation. This innovative
Cardano (ADA) has experienced a 20% drop in value, mirroring broader market conditions. While this decline has put pressure on short-term investors, it could present a strategic buying opportunity for long-term holders. MVRV Ratio Indicates a Potential Reversal Cardano’s Market Value to Realized Value (MVRV) ratio reveals that investors who purchased ADA in the last … Continue reading "Cardano’s 20% Price Dip Could Signal a Recovery" The post Cardano’s 20% Price Dip Could Signal a Recovery appeared first on Cryptoknowmics-Crypto News and Media Platform .
The cryptocurrency market was hit by a huge shakeout on December 20, the last Friday before the Christmas holidays. Crypto traders have lost over $1.4 billion for position liquidations in the last 24 hours, causing a trading bloodbath. According to data Finbold retrieved from CoinGlass this Friday morning, 427,593 traders were liquidated since Thursday. The total liquidations sum up to $1.40 billion, out of which $1.21 billion were from long positions . In particular, most of the liquidations occurred in the last four hours, liquidating $505.10 million from crypto traders. Most projects are crashing below relevant support levels, triggering panic selling in exchanges all over the world. Notably, Bitcoin ( BTC ) and Ethereum ( ETH ) led the bloodbath with $326.23 million and $307.79 million liquidations each, respectively. Ethereum also had the largest single liquidation order on Binance against Tether’s USDT , erasing a $15.80 million long position. Liquidation Heatmap & Total Liquidations, 24 hours. Source: CoinGlass / Finbold Crypto projects lost over $400B of market cap in the last 24 hours Moreover, TradingView’ s Crypto Total Market Cap Index (TOTAL) shows that over $400 billion simply vanished from cryptocurrencies in the same period – a drop of 11.61%. As of this writing, TOTAL has a $3.08 trillion capitalization, reaching a local bottom of $3.05 trillion. On December 17, the index peaked at a $3.71 trillion market cap, with current values representing a 17% crash. Crypto Total Market Cap, 4 hours. Source: TradingView / Finbold / Vini Barbosa While all cryptocurrencies have shown losses, some, like Bitcoin, have outperformed the index. On the other hand, memecoins are, by far, the biggest losers of this recent crash, experiencing significant losses. In the meantime, crypto analysts and traders went to X to share insights, vent frustrations, and urge caution. 💸 With Bitcoin falling as low as $95.5K today, the ratio of crypto discussions that are about buying crypto's dip has reached its highest level in over 8 months. The last time we saw the crowd nearly this enthusiastic about dip buying was the major crash on August 4th. Since… pic.twitter.com/39NlpnGMCs — Santiment (@santimentfeed) December 20, 2024 Some believe this is a dip worth buying, but there is no consensus right now on whether the market will see further drops – requiring proper risk management as things develop amid a growing fear, uncertainty, and doubt ( FUD ) on what is next for the previously rallying cryptocurrencies. Overall, the most popular advice now is to be careful with leverage, favoring spot buys for those who remain bullish . Featured image from Shutterstock. The post Bloodbath: Crypto traders lose $1.4 billion in 24 hours of massive liquidations appeared first on Finbold .
“This is a game-changer for me,” said Tagoa’i. “By taking part of my NIL earnings in Bitcoin, I’m setting myself up for long-term financial growth.”
Key takeaways The CRO price prediction for 2024 shows it will reach a maximum level of $0.1999 and an average price of $0.2187. By 2027, CRO could reach a maximum value of $0.7757, with an average trading price of $0.6759. Cronos is expected to reach a maximum level of $2.47 in 2030. Cronos (CRO) is the native cryptocurrency token of the Crypto.com chain, a decentralized, open-source blockchain developed by the Crypto.com payment, trading, and financial services company. CRO aims to power the next generation of decentralized crypto assets and applications and enable real-time, low-cost transactions globally. Cronos cross-bridge mainnet beta suggests a bright future for CRO. This feature aims to improve interoperability between significant blockchain ecosystems, potentially increasing CRO’s attractiveness to developers and users. CRO’s recent performance reflects robust in market sentiment and confidence. These factors combined present Cronos as a compelling investment opportunity within the dynamic cryptocurrency market. Eminem’s involvement comes when Crypto.com has been actively expanding its visibility through various high-profile partnerships, such as with actor Matt Damon and major sports teams. The blend of celebrity influence, such as Eminem’s endorsement, with significant tech developments like the Cronos cross-bridge, creates a unique market positioning that could lead to favorable outcomes in its pricing dynamics. Overview Cryptocurrency Cronos Token CRO Price $0.2034 Market Cap $5.40B Trading Volume $63.84M Circulating Supply 26.57B CRO All-time High $0.9698 Nov 24, 2021 All-time Low $0.01149 Dec 17, 2018 24-h High $0.2077 24-h Low $0.1962 Cronos Price Prediction: Technical Analysis Metric Value Price Prediction $ 0.259852 (29.49%) Volatility 19.98% 50-Day SMA $0.130323 14-Day RSI 65.03 Sentiment Bullish Fear & Greed Index 72 (Greed) Green Days 17/30 (57%) 200-Day SMA $ 0.10872 Cronos price analysis: CRO corrects sharply amid market sell-off Key Takeaways CRO drops 17.6%, trading at $0.1508, signaling bearish momentum. RSI is nearing oversold at 39.64; key support is at $0.1537. Whale activity fades; volume decline suggests weakening interest. Cronos CRO price analysis on December 20th shows a sharp decline, with the token trading at $0.1508, down 17.6% over the past 24 hours. This marks a significant pullback for the token, which had experienced a strong rally earlier this month. The market capitalization currently stands at $4 billion, accompanied by a 24-hour trading volume of $76.64 million, reflecting a 25.23% decline in trading activity. The drop in price and trading volume highlights cooling investor interest following recent bullish momentum. CRO daily chart analysis: Mixed technical signals amid correction On the daily chart, CRO has slipped below its critical support at $0.16, indicating increased bearish pressure. The token’s 20-day Exponential Moving Average (EMA) at $0.1626 has also been breached, suggesting that bears are currently in control. Meanwhile, the 50-day EMA at $0.1387 could act as the next line of defense if selling pressure persists. This EMA setup signals a potential trend reversal unless CRO reclaims higher levels swiftly. CRO daily chart analysis: Mixed technical signals amid correction The Relative Strength Index (RSI) on the daily timeframe stands at 39.64, which leans toward oversold territory but remains above critical levels. This RSI level suggests reduced bullish momentum while hinting at possible short-term accumulation. However, the lack of a strong reversal signal keeps the bearish outlook intact. The Moving Average Convergence Divergence (MACD) histogram displays negative bars, with both the MACD and signal lines trending downward. These bearish crossovers reinforce the view that CRO may continue facing headwinds in the near term. Volume analysis further underscores the weakening bullish sentiment. After the initial surge earlier this month, trading volume has consistently declined, with the Volume/Market Cap ratio at a mere 1.96%. Such metrics reflect diminishing market enthusiasm and could indicate hesitation among traders to take significant positions. CRO/USD 4-hour chart analysis: Signs of consolidation amid pressure On the 4-hour chart, CRO displays a clearer consolidation pattern near $0.15, where minor support appears to form. Bollinger Bands indicate narrowing volatility, with the price approaching the lower band at $0.1537. This suggests that the token may experience a period of range-bound movement before deciding its next direction. CRO shows signs of consolidation amid pressure The 4-hour RSI stands at 30.48, entering oversold territory. While this metric could attract short-term buyers, the ongoing bearish MACD signal counters immediate recovery hopes. The MACD histogram shows persistent downward momentum, with the signal line crossing below zero, reinforcing bearish sentiment. A closer look at the chart highlights that the token failed to sustain its breakout above $0.20 earlier this month, leading to a gradual decline. The lower highs and lower lows on this timeframe confirm a short-term bearish trend, with the $0.1537 support zone critical for avoiding further drops. What to expect from Cronos price analysis The broader sentiment surrounding CRO reflects a cautious outlook, with whale activity and spot market metrics signaling a retreat in speculative interest. From a fundamental perspective, recent developments, including Crypto.com’s withdrawal of its SEC lawsuit and CEO Kris Marszalek’s meeting with U.S. President-elect Donald Trump, initially bolstered market optimism. However, the fading of these catalysts underscores the importance of sustained regulatory clarity and institutional support for CRO’s long-term prospects. Cronos CRO faces a crucial juncture in its price trajectory, with technical indicators and market sentiment pointing to opportunities and challenges. The token’s ability to reclaim lost ground or maintain critical support levels will likely determine its short-term performance. Cronos technical indicators: Levels and action Daily simple moving average (SMA) Period Value Action SMA 3 $0.165415 BUY SMA 5 $0.174924 BUY SMA 10 $0.178465 BUY SMA 21 $0.179503 BUY SMA 50 $0.130323 BUY SMA 100 $0.105728 BUY SMA 200 $0.10872 BUY Daily exponential moving average (EMA) Period Value Action EMA 3 $0.16597 BUY EMA 5 $0.14554 BUY EMA 10 $0.1196 BUY EMA 21 $0.10104 BUY EMA 50 $0.09083 BUY EMA 100 $0.09037 BUY EMA 200 $0.09410 BUY Is Cronos a good investment? Investing in Cronos offers a strategic opportunity in decentralized finance (DeFi) and digital assets. As the native token of the Crypto.com chain, Cronos supports DeFi, NFTs, and decentralized apps, benefiting from interoperability with ecosystems like Ethereum and Cosmos. Its energy efficiency, fast transactions, and low fees enhance its appeal. With a strong total value locked (TVL) and promising future growth projections, Cronos stands out as a compelling long-term investment in the blockchain space. Will Cronos recover? Cronos (CRO) shows potential for recovery, as Crypto.com aims to broaden its financial services with ambitious 2025 plans. The platform intends to launch its own stablecoin, introduce ETFs, and offer stock trading options, targeting a deeper integration with traditional finance and expanding its user base in the U.S. market. Will Cronos reach $0.5 Based on long-term forecasts, Cronos (CRO) is projected to reach $0.5 by 2026 as its ecosystem and user adoption continue to grow. Will Cronos reach $1 Projections for Cronos estimate it could reach $1 by 2028, driven by its expansion in DeFi, NFT integrations, and partnerships. Will Cronos reach $100? It is unlikely that Cronos’s price will reach $100, as this would require an extremely high market capitalization, beyond the current Cro coin price prediction for the crypto sector. Does Cronos have an excellent long-term future? Cronos CRO holds promising long-term potential due to Crypto.com ’s ongoing innovations, such as DEX expansions, NFT integration, and metaverse applications, collectively enhancing CRO’s appeal and utility. These strategic initiatives, along with CRO’s liquidity and staking rewards, position it as a solid investment for those with a long-term perspective Recent news/opinion on Cronos Cronos has announced the Pallene Upgrade for its EVM, promising a groundbreaking improvement with up to 600 times faster transaction processing. This upgrade marks a significant leap in performance for the Cronos ecosystem, enhancing scalability and efficiency. The proposal is open for community discussion on the Cronos governance forum, inviting feedback and participation from the #CROFam. More details about the upgrade and its implications can be found on the official Cronos blog and GitHub discussion platform. CRO price prediction December 2024 For November, Cronos (CRO) is primed for notable growth. The minimum projected trading price is $0.095, with an average of around $0.147. CRO is expected to attain a peak price of $0.192. Month Potential Low Potential Average Potential High December $0.095 $0.147 $0.192 CRO price prediction 2024 In 2024, experts suggest Cronos will trade at a minimum price of $0.1999 and a maximum price of $0.2249. The average trading price is expected to be around $02187. Cronos Price Prediction Potential Low Potential Average Potential High Cronos Price Prediction 2024 $0.1999 $0.2187 $0.2249 CRO price prediction 2025-2030 Year Minimum Price Average Price Maximum Price 2025 $0.3037 $0.3147 $0.3682 2026 $0.4460 $0.4617 $0.5194 2027 $0.6524 $0.6709 $0.7757 2028 $0.9384 $0.9653 $1.11 2029 $1.42 $1.47 $1.68 2030 $2.04 $2.10 $2.47 Cronos price prediction 2025 The Cronos price prediction for 2025 suggests a minimum of $0.3037, a maximum level of $0.3682, and an average price of $0.3147. CRO price prediction 2026 In 2026, the price of Cronos is predicted to reach a minimum of $0.4460. CRO can reach a maximum level of $0.5194 with an average trading price of $0.4617. CRO price prediction 2027 The Cronos price prediction for 2027 suggests a minimum value of $0.6524, a maximum value of $0.7757, and an average trading price of $0.6709. CRO price prediction 2028 As per findings, the CRO price could get the minimum possible and highest price level of $0.9384,1.11 with an average forecast price of $0.9653. CRO price prediction 2029 In 2029, the price of Cronos is predicted to reach a minimum of $1.42. CRO can reach a maximum price of $1.68 with an average trading price of $1.47. Cronos CRO price prediction 2030 The price of CRO is predicted to reach a minimum of $2.04 in 2030. It can further reach a maximum price of $2.47 with an average price of $2.10. CRO price prediction 2024 – 2030 Cryptopolitan’s Cronos CRO price prediction According to our Cronos price forecast, the coin’s market price might reach a maximum value of $0.21 by the end of 2024. By 2026, investors can anticipate an average price of $0.35 and a maximum price of $0.52 provided the market is bullish. Cronos market price prediction: Analysts’ CRO price forecast Firm 2024 2025 Gov.Capital $0.21 $0.24 DigitalCoinPrice $0.45 $0.53 CryptoPredictions $0.23 $0.40 Cronos historic price sentiment CRO price history | Coinmarketcap CRO launched at $0.01977 in December 2018, and saw early fluctuations, hitting $0.07344 by March 2019, but ended 2019 at $0.03358. In 2020, it rose steadily, reaching above $0.20 by August before dropping to $0.06 by year-end. In 2021, CRO followed the crypto bull run, surpassing previous highs and achieving an all-time high of $0.9698 on November 24, boosted by listings on Coinbase Pro and Bitrue. CRO opened 2022 at $0.5575 but fell to $0.4409, partially due to concerns over a potential security breach on the Crypto.com platform, which temporarily suspended withdrawals in January. In 2023, Cronos experienced a peak in mid-March near $0.80, followed by a steep decline and stabilization around $0.20 by mid-year, maintaining a slight oscillation around this range in the following months. CRO entered 2024 with a modest recovery, climbing from around $0.05 in late 2023 to $0.10 by January. A significant rally in March took the price to its yearly high of $0.18 before a steady decline brought it down to approximately $0.12 by June. From July to October 2024, CRO’s price stabilized within a range of $0.08 to $0.10, with the most recent price point in October around $0.081. In November, CRO is trading between $0.07193 to $0.09521. In December, CRO is trading between $0.1412 to $0.181.
The post Why Ethereum Price is Down Today? appeared first on Coinpedia Fintech News Ethereum (ETH) is experiencing a decline in price today, largely due to several factors putting pressure on the altcoin. After reaching a high of $4,109 earlier this week, Ethereum’s price has dropped by almost 20%. This downturn is largely driven by continued selling pressure from whales, who have been dumping large amounts of ETH, and many other reasons why. El Salvador’s Accepts IMF’s Demands A key development affecting market sentiment is El Salvador’s recent agreement to the International Monetary Fund’s (IMF) proposal. El Salvador’s $1.4 billion loan deal with the IMF requires the country to reduce its Bitcoin policies and taxes will now only be paid in U.S. dollars Ethereum Foundation & Whale Selling ETH Another factor contributing to the price drop is the Ethereum Foundation’s decision to sell large amounts of ETH. The Foundation sold 100 ETH, which caused a 17% drop in ETH’s value. Over the past year, the Ethereum Foundation has sold a total of 4,466 ETH, worth around $12.6 million. This continued selling from the Foundation is a major factor weighing on Ethereum’s price. Since the #EthereumFoundation sold 100 $ETH on Dec 17, the price of $ETH has dropped by ~17%, marking another successful top sale. Over the past year, #EthereumFoundation has sold 4,466 $ETH ($12.6M) across 32 trades, with 15 of them executed at the top(marked in red in the… pic.twitter.com/DA7nGAgbxr — Lookonchain (@lookonchain) December 20, 2024 The market is also facing significant selling pressure from large players. Recently, a whale deposited nearly 50,000 ETH , worth about $170 million, into Binance, triggering fears of more selling. The whale also withdrew over $137 million worth of stablecoins, indicating a shift in strategy that might have influenced Ethereum’s price. Ethereum Price Analysis Looking ahead, Ethereum’s price may test the $3,000-$3,025 range , where support from the 200-day moving average (EMA) could help stabilize it. However, if selling pressure persists, further declines are possible. Currently, Ethereum is trading around $3,125, reflecting a 15.6% drop in the last 24 hours. Despite this, the $3,250 support level may prevent further declines.
Sui Network, the layer-1 blockchain, has gained interest in the cryptocurrency space due to its excellent performance and speed. Since its launch in May 2023, Sui quickly positioned itself as a huge player in the blockchain platform sphere, especially in real-time applications such as gaming and DeFi. Related Reading: Solana Poised For Growth In 2025 With Record $173 Million Q3 Funding—Report SUI: Surge In Popularity The expanding user base and market performance of SUI reflect a rise in interest. Lately, the price of the altcoin attained an unprecedented peak of nearly $5. Analysts predict that the coin may see further appreciation, potentially attaining $5.10, or even $6, by year-end. Sui’s unique design lets it handle up to 300,000 transactions per second, making it faster than blockchains that process transactions one by one. This speed appeals to both users and developers. Several elements also contribute to this impressive feat, among them the introduction of new features like cross-chain USDC transfer protocols that improve the liquidity and use of the platform. Currеntly trаding аt $3.80, SUI is supportеd by robust dеvеlopmеnts thаt could push the altcoin’s pricе еvеn highеr. Analysts’ Favorable Forecasts Leading experts have given Sui (SUI) positive predictions for the future, which shows that they have a strong belief in its potential. “JoshuaOrhue.sui” said on December 15 that “$SUI will attain $15 by the first quarter of 2025.” $SUI is one altcoin I think could outperform the many others: $25+ is very achievable pic.twitter.com/iwW2MSvrxN — Greeny 🇦🇺 (@greenytrades) December 18, 2024 According to this forecast, market analysts are growing more sure of Sui’s potentials. “‘SUI is an altcoin I believe has the potential to surpass many others: $25+ is quite attainable,” another analyst, Greny, stated. These forecasts reveal that people’s optimism on the expansion possibilities of the token is rising. Impressive Growth Analysts predict that the token could hit $25 by the end of the year. This remarkable growth is attributed to several factors, including the launch of new features like cross-chain USDC transfer protocols that enhance liquidity and usability on the platform. With these developments, Sui is becoming increasingly appealing to both retail investors and crypto whales looking for undervalued assets. Related Reading: The $589 XRP Dream: Believers Aren’t ‘Delusional’ Enough, Expert Says This update raises ecosystem value. The coin’s future seems bright given improved technology and an increasing user base. Analysts think constant transaction activity might raise the value of the cryptocurrency. Consequently, the blockchain project has become rather important since it encourages consumer acceptance and innovation by means of pushing technologies. Investors are closely keeping an eye on this altcoin, and the forecasts of analysts such as Joshua Orhue and Greny provide the market a clear insight of the growth of SUI. Though it remains to be seen whether these forecasts come true, Sui keeps attracting interest now as it aims to outperform its rivals in the cutthroat blockchain market. Featured image from ChainWire, chart from TradingView
Blackrock’s recently posted video explaining the basics of bitcoin to investors has raised questions about the staying power of the so-called hard cap issuance limit. In the video, Blackrock explains that there is “no guarantee” that the 21 million supply cap will not be changed, opening a debate on the ossification of the top cryptocurrency.
reAlpha, a real estate technology company that leverages artificial intelligence (AI) technologies, has announced a move to integrate cryptocurrencies into its treasury strategy. The company’s board of directors approved an investment policy that allows up to 25% of its excess cash beyond the estimated six months of operating expenses to be allocated to cryptocurrency purchases. Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) were designated as the company's primary treasury reserve assets. “This initiative, approved by the board, demonstrates our forward-looking approach to capital management,” said Giri Devanur, CEO of reAlpha. “By allocating a portion of our excess cash to crypto after accounting for our operating needs and acquisition opportunities, we aim to diversify our treasury assets and position reAlpha to adapt to changing market conditions and the increasing global acceptance of crypto, while maintaining flexibility to execute on our growth initiatives.” Currently, reAlpha's treasury reserves consist solely of cash. The allocation of funds will depend on market conditions and reAlpha's operational needs and will enable the company to maintain flexibility to meet its growth and acquisition objectives. *This is not investment advice. Continue Reading: Giant Company Announces It Will Convert Some of Its Treasury Assets into These Three Cryptocurrencies
Ethereum’s gas limit may be raised from 30 million to 40 million to lower transaction fees by 15-33%. Supporters of the proposition argue it will boost dApp efficiency, while critics warn it could cause centralization and network strain . Ethereum is in an important debate within its community. The focus is on whether or not to raise the gas limit, the maximum amount of gas that can be used per block. The debate is about reducing transaction fees and improving the network’s efficiency. While the idea of raising the gas limit received support, it also raised concerns about its impact on network stability and decentralization. This ongoing discussion raises a key question: can Ethereum handle higher gas limits without sacrificing security and decentralization? Ethereum gas limit To understand the debate, it’s essential first to know what the gas limit means within Ethereum. Gas is a fee that users pay to execute transactions or run smart contracts on the network. Each operation on Ethereum requires computational work, and gas measures the amount of work needed. The gas limit refers to the cap on how much gas can be used in a single block of transactions. Setting the gas limit too low can lead to congestion, high transaction fees, and slower processing times. On the other hand, too high can create increased pressure on the network’s resources, such as storage, bandwidth, and computational power. Ethereum’s current gas limit is just above 30 million, but many in the community are pushing for it to be increased. Moving ahead with the proposition could reduce transaction fees, allowing for better scalability and efficiency. The push for raising the gas limit Ethereum developers and validators have been pushing to raise the gas limit for some time. In March 2020, core Ethereum developer Eric Connor and former MakerDAO executive Mariano Conti started a campaign called “ Pump The Gas, “ aiming to increase the gas limit to 40 million. They believe this change could lower transaction fees by 15% to 33%, which would benefit both developers and users. Lower fees would make it easier for developers to create more complex applications and services, encouraging more people to use decentralized applications (dApps) on Ethereum. One of the main supporters of this change is Emmanuel Awosika, the creative director of the 2077 Collective. He argues that the current gas limit is too low for high-demand applications. Many dApps, like games or decentralized finance (DeFi) platforms, struggle to operate efficiently with the current limit because the fees become too high during busy periods. Increasing the gas limit would help these applications run more smoothly and be more user-friendly. Network stability vs. risks of raising gas limits While many people support raising the gas limit, not everyone in the Ethereum community agrees with the approach. One of the main critics is Toni Wahrstätter, a researcher at the Ethereum Foundation. His concern is that increasing the gas limit too quickly could harm Ethereum’s security and stability. When the gas limit is raised, it requires more computational power to process and validate transactions. This could put extra pressure on Ethereum’s infrastructure, which will definitely make it harder for smaller and independent operators. Only larger operators with more resources can handle the high gas limit. This could lead to centralization, which is against Ethereum ’s core idea of decentralization. Another issue with increasing the gas limit too fast could cause problems like higher storage needs, slower speeds, and more stress on the network. The “Pump The Gas” campaign agrees with these concerns and suggests that any change to the gas limit should be made slowly and carefully to avoid creating more problems, like network congestion or performance issues. Finding the right balance The Ethereum community is still debating how to move forward with raising the gas limit, but there is no agreement on how much it should be raised. On December 19, it was reported that 10% of validators backed raising the gas limit to over 30 million. However, many people believe that the increase should be gradual, so the network can adjust to the added pressure. For example, junior Ethereum researcher Justin Drake increased his validator’s gas limit to 36 million, which is a 20% rise from the current limit. According to him , it “safely greases the wheels.” Drake thinks this change would help the network handle more transactions without causing major issues. The decision to raise Ethereum’s gas limit is part of a larger conversation about its future scalability. With Ethereum 2.0 already working to improve efficiency and security, managing gas limits is essential for handling more transactions without losing decentralization. Raising the gas limit could help developers and lower transaction fees, but it must be done carefully. Any changes should be gradual to avoid affecting the network’s stability. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.