Market witnessing setback, but things may become better in future
PRESS RELEASE. The second stop of HTX DAO’s “Confidence Journey” in China concluded successfully on December 13, 2024. The event, hosted by HTX DAO and co-organized by the SUNDOG Community, Balance, and HTX, featured prominent figures like Jiang En, founder of the China DOGE Association; Cheng Qian from the DOGE community; and Molly, spokesperson for
Cardano (ADA) has been through a rollercoaster of volatility, with the price experiencing significant ups and downs over recent weeks. After hitting a local top of $1.32, ADA retraced over 30%, dropping to $0.91 before returning to a critical support level. This price action has left investors speculating whether the current recovery marks the start of a new bullish phase or simply a temporary pause before further downside. Related Reading: Solana Monthly Chart ‘Looks Ready For A Monster Run’ – Details Top analyst Ali Martinez recently shared key insights on X, leveraging Santiment metrics to shed light on whale activity driving Cardano’s market movements. According to Martinez, large ADA holders began taking profits as the price rallied from $1.15 to $1.33. However, the story shifted dramatically as ADA dropped below $1, with whales accumulating again at the $0.91, signaling renewed confidence in the token’s potential. With whale activity and market dynamics heating up, Cardano has returned to a pivotal price range that could define its trajectory in the coming weeks. Investors are now closely watching whether this accumulation phase will fuel a sustainable rally or if further consolidation lies ahead for ADA. One thing is certain—Cardano remains a token to watch as volatility continues to shape its price action. Data Reveals Cardano Whales Behavior The past few weeks have been highly volatile for Cardano (ADA), reflecting the broader market’s unpredictable movements and the strategic plays of smart money. ADA has become a focal point for large investors making calculated moves as the market evolves. Top analyst Ali Martinez recently highlighted data from Santiment that underscores the pivotal role of whale activity in shaping ADA’s price action. Martinez revealed that Cardano whales began offloading their holdings as the price rallied from $1.15 to $1.33, locking in significant profits. However, as the price dropped sharply to $0.91, these same whales re-entered the market, purchasing an impressive 160 million ADA during the dip. This buying spree has sparked optimism, suggesting that smart money views Cardano as bullish over the coming months. Such activity often indicates confidence in the asset’s potential to rebound and possibly outperform. However, it’s crucial to consider an alternative perspective. This accumulation phase might also serve as a short-term liquidity strategy designed to attract retail investors into ADA, potentially setting the stage for another wave of profit-taking by larger holders. Related Reading: Ethereum Whales Load Up: Bullish Sign Or Bear Trap? As ADA hovers near critical levels, its next moves will likely depend on how these dynamics unfold. Whether this is a prelude to a sustained rally or a tactical maneuver by smart money, Cardano remains a key asset to watch in the weeks ahead. Price Holding Above $1 Cardano (ADA) is trading at $1.04, marking a swift recovery after spending only a few days below the critical $1 mark last week. This rebound showcases strong buying interest around the $1 level, which has historically acted as a psychological and technical support zone. If ADA manages to sustain its position above $1 in the coming days, the next target lies around $1.20—a price level that previously triggered significant selling pressure. Reclaiming this level would confirm bullish momentum and signal buyers are ready to challenge higher resistance zones. For ADA bulls to maintain momentum and drive the price higher, breaking and consolidating above the $1.20 mark is crucial. This would demonstrate the market’s strength and potentially pave the way for a broader rally. However, failing to claim $1.20 could result in another period of consolidation or even a pullback, as sellers may step in to defend this resistance level. Related Reading: Bitcoin Breaks ATH Pushing Back Into Price Discovery – BTC To $130K? With recent whale accumulation adding bullish sentiment, ADA’s ability to hold above $1 and target $1.20 will likely define its short-term trajectory. Traders will closely monitor these levels to gauge whether Cardano can sustain its recovery and regain upward momentum. Featured image from Dall-E, chart from TradingView
The Fed's 25 basis point cut on Wednesday was expected, but analysts suggest concerns over prolonged high rates may be overblown for Bitcoin.
Kraken’s Ink blockchain, a layer 2 solution, has launched on mainnet ahead of schedule, signaling a strong vote of confidence from the community and developers. The project aims to foster
Trump Patriot could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Trump Patriot (TRUMPPAT), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because TRUMPPAT 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, Trump Patriot 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 Trump Patriot could become the next viral memecoin. Trump Patriot 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 Trump Patriot 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 Trump Patriot by entering its contract address – 9hmvtogFEjzZQMFfJ5Hiq7fQSq7E38mG3Qjb7X42qM6P – 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 TRUMPPAT. 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.
Binance’s BNSOL leads the Solana liquid staking ecosystem with its total value locked exceeding $1 billion. BNSOL Hits $1 Billion Mark Binance has announced a major milestone for BNSOL, its Solana liquid staking token. The token recently crossed $1 billion in total value locked (TVL), representing more than 10% of the market cap of all
Binance , the global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and users, today revealed its user survey on the current state of the crypto market and expectations for 2025. The survey polled over 27,000 Binance users from six continents, including Asia, Australia, Europe, Africa and Latin America, with their insights into the future of crypto adoption, perceptions of evolving regulations and emerging consumer trends. Key findings include the following. 19.4% of respondents expect more crypto regulation in 2025, while 23.9% anticipate AI tokens to lead the market’s growth, signaling a shift in user perceptions that could lead to greater mainstream adoption and technological innovation. Nearly 45% of survey participants joined the crypto space in 2024, but daily trading remains strong among users, with 31.1% trading regularly. Binance Spot trading tops the list of most-used Binance products, with 25.9% of users actively engaging in it, followed closely by Binance Earn and Binance Convert at 25.3% and 17.3%, respectively. A significant 44.0% of respondents have allocated less than 10% of their overall wealth to crypto, while 24.3% hold between 10% and 25% in crypto assets. Expectations for crypto market in 2025 A significant portion of the respondents expect to see more maturity and real-world relevance in the crypto industry in the coming year. A notable 19.4% of the sample expect increased crypto regulations over the next 12 months, while 16.1% anticipate greater participation from traditional financial institutions and institutional investors in the crypto space. Additionally, 16.5% foresee wider implementation of blockchain technology in real-world applications. AI tokens are expected to dominate the market Among emerging sub-sectors, our users expect AI tokens to lead the market in 2025 – 23.9% of our survey participants believe AI tokens will drive the market’s growth, making them the category of digital assets with the greatest perceived upward potential. Memecoins come in second, with 19.1% of respondents showing confidence in their potential rise, followed by DeFi tokens at 12.4% and layer-one tokens at 12.3%. Top HODL tokens – m emecoins, Bitcoin and BNB When it comes to the most popular tokens among users, memecoins lead the pack, with 16.1% of respondents currently holding them. Bitcoin is the second most-held asset at 14.4%, followed closely by BNB, sitting at 14.2%. Interestingly, for the survey participants, BNB holdings surpass ETH, which accounts for 11.0% of total holdings of survey participants. Other leading layer-one tokens collectively represent 10.4%. The survey results suggest that memecoins are not only popular in terms of current holdings but are also the class of digital assets that users are highly excited about for the future. New crypto adopters – A cautious but active approach The survey also highlights the influx of new adopters in the crypto space. Nearly half (45%) of respondents joined the crypto market in 2024, with 24.5% having entered in the past six months and 20.6% joining within the past year. While many new users are still finding their footing, 41.9% of respondents have been active in the crypto market for one to five years, highlighting a balanced mix of experience levels in the Binance community. A significant 44.0% of respondents have allocated less than 10% of their overall wealth to crypto, while 24.3% hold between 10% and 25% in crypto assets. Trading activity remains strong, with 31.1% of respondents reporting daily trades and 22.9% trading weekly. Motivations for entering the crypto market The survey also explored why users are drawn to the crypto space. Digital assets’ potential for rapid appreciation emerged as the leading motivator for our users, with 22.4% of respondents citing it as their main reason for joining. Decentralization and financial independence were also significant drivers, influencing 18.8% of participants. Meanwhile, 17.2% of respondents highlighted the speed and ease of transactions as a key factor in their decision to enter the market. Binance Spot – The most popular product among users The survey revealed that Binance Spot trading is the most widely used product among participants. Of the 27,000 respondents, 25.9% identified Binance Spot as their go-to product. Close behind is Binance Earn, with 25.3% of users actively utilizing its features to grow their crypto holdings. Binance Convert secured the third spot, with 17.3% of respondents choosing it as their preferred tool for seamless crypto conversions. These results highlight the diverse ways Binance users engage with the platform’s ecosystem to meet their diverse financial needs. The results of Binance’s global survey provide an insightful snapshot of user preferences, expectations and behaviors as we move into 2025. The cautious yet engaged approach of new adopters, combined with the long-term confidence of seasoned users, underscores the growing maturity and resilience of the crypto space. As trends like increased regulation, accelerated adoption and innovative blockchain applications continue to unfold, Binance remains committed to empowering its global community with tools, resources and opportunities to navigate and thrive in this ever-evolving landscape. Together, we look forward to an exciting year ahead, fueled by the shared vision we have with our community of financial freedom and technological innovation. This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility. Follow Us on Twitter Facebook Telegram Check out the Latest Industry Announcements The post Binance Global User Survey – 45% Joined Crypto in 2024 appeared first on The Daily Hodl .
Patriot, a political finance (PolitiFi) memecoin, surged to a record $73 million market capitalization early Wednesday. The memecoin, created after Donald Trump's presidential win on Nov. 6, hit an all-time high of $0.0073 around 12 p.m. EST, before dipping to $0.0068, pushing Patriot's market cap to over $73 million. This surge marked a 626% increase over the past week, the largest gain in the memecoin market this week, and a 1,314% rise over the past 30 days, according to CoinGecko. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
The US Senate Banking Committee has officially ended efforts to renominate Caroline Crenshaw as SEC Commissioner, creating a significant vacancy in January. As per Federal rules, Crenshaw’s successor must be