XRP has emerged as the most traded alternative cryptocurrency on Binance, demonstrating significant trading activity amid recent market fluctuations. Despite experiencing a substantial decline in price alongside Bitcoin and other
Donald Saves Crypto could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Donald Saves Crypto (DONALCRY), a new Solana memecoin that was launched today, is set to explode over 18,000% in price in the coming days. This is because DONALCRY 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, Donald Saves Crypto 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 Donald Saves Crypto could become the next viral memecoin. Donald Saves Crypto launched with over $8,000 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 Donald Saves Crypto 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 Donald Saves Crypto by entering its contract address – Gyy3ss5Yj2ioZWuz6BNbDPGUGUxhwoCskRuU2cGo9k2Q – 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 DONALCRY. 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.
San Jose, Costa Rica, December 23rd, 2024, Chainwire Winna.com, a crypto-focused casino gaming platform launched in the summer of 2024, has successfully raised $15 million in a seed funding round, as first reported by Crunchbase. The investment will support Winna.com in enhancing its product offerings and accelerating its growth. The platform already boasts a thriving community
XRP emerges as Binance's top traded altcoin
After the reports of exploitation went viral, Hyperliquid Labs, a prominent on-chain perpetual futures exchange, came forward to…
Litecoin recorded 401,000 daily active addresses in 2024, a 10% increase. Grayscale Investments continues to accumulate Litecoin, enhancing its market position. Continue Reading: Litecoin Experiences Growth in Active Addresses and Market Interest The post Litecoin Experiences Growth in Active Addresses and Market Interest appeared first on COINTURK NEWS .
Web3 is drowning in metrics, most of which paint an unclear picture. Transaction volumes, token prices and flashy headlines often mask what really matters: the quality of user engagement and the potential for organic, exponential growth. As the industry moves beyond the hype, reliable, data-driven signals of success are no longer optional — they’re essential. Here’s the good news: the tools to cut through the noise already exist. By combining multiple on-chain metrics into a single “health index” score indicating the depth and quality of overall user engagement, we can identify which chains are truly thriving and poised for long-term growth. With 2024 coming to a close, let’s dig into what these signals reveal about today’s leading chains, and what we can expect in 2025. Assessing user quality using aggregated, not isolated, data When creating a sustainable on-chain ecosystem, it doesn’t make sense to optimize any single user action. What’s needed is context — a way to quantify not just everything users are doing, but how and why it matters. One promising approach to achieve this is to aggregate user behaviors into five core categories: Transaction Activity, ranging from spot trades to smart contract interactions. Token Accumulation in the medium-to-long-term, and other “investment” behaviors. DeFi Engagement for activities like staking, lending and liquidity provision. NFT Activity such as minting, trading and utility-driven interactions. Governance Participation to quantify DAO or protocol governance contributions. Crucially, these metrics should not be treated equally. A better approach is to weigh and combine them using a Bayesian model to generate a single top-line “score.” Unlike traditional scoring systems that rely on static thresholds or simple averages, this lets us incorporate both prior knowledge (what we expect from an “average” wallet) and new evidence (actual activity observed on-chain). These dynamic, multi-variate scores are much harder to game and therefore more likely to reveal accurate, actionable insights. What the data tells us about 2024 The above approach provides a fresh perspective on each chain’s user activity through 2024. Let’s zoom in on some of the more surprising findings. Solana (the top light blue line that peaks at ~2.75) attracted a huge share of high-quality users between February and mid-March, but engagement quality has fallen since. Interestingly, this downslide coincided with SOL’s first price and trading volume spike of 2024, and has continued through the current memecoin mania. Repetitive actions have diminishing returns when assessed using a Bayesian model, meaning multiple token swaps yield smaller score improvements than engagement across multiple types of activities, for any given wallet. This suggests most Solana users are currently engaged in a narrow range of on-chain activities that aren’t contributing to Solana’s multi-sector growth. As for Ethereum supporters (the bottom orange line that begins at just above 1) who expected this year’s ETH ETFs to be a game-changer, the numbers paint a different picture. Ethereum’s low and stable user score through H1 2024 suggests that this year’s bullish developments did not spur broader ecosystem participation such as DeFi activity and protocol governance. It’s also worth noting that Axelar (the dark blue line that begins at 2.5) had the most active users across the broadest range of on-chain activities relative to its total user base, according to the data. While Axelar is currently much smaller by TVL than the legacy chains dominating today’s headlines, this is an intriguing signal that warrants closer inspection — and would have been missed if we were looking at market cap or trading volume alone. The takeaway here isn’t that Solana is doomed and Axelar will inevitably become the world’s biggest chain. There is limited value in comparing these types of scores across chains, since each score is proportional to the user quality of its corresponding chain. In other words, a Solana user with a score of “4” may be very different from a “4” on Axelar, given the differences in each chain’s baseline activity. As such, these scores are most useful when tracking changes in the quality of a chain’s overall user activity over time, not cross-chain comparisons. Predictions for 2025 With that said, what does each chain’s user quality track record tell us about next year? For starters, it’s clear that Solana faces significant challenges and opportunities entering 2025. The chain’s trajectory depends on its ability to retain its massive casual user base and expand their range of on-chain interactions. Failure to do so could result in a significant slump once memecoins cool off — although data from early 2024 suggests the chain has a large contingent of quality users that will endure regardless of what happens short-term. 2024 demonstrated Axelar’s ability to attract a concentrated user base engaged in diverse, sustained on-chain activities, rather than speculative surges. Now, Axelar’s challenge will be upscaling its ecosystem without diluting the quality of its user base. This may involve prioritizing high-profile partnerships to unlock new audiences while creating more newbie-friendly onramps across its dApp ecosystem. Ethereum’s fragmentation has shifted many active users to its faster, cheaper L2 ecosystem, and so we may see mainnet activity increasingly consolidate around core features protocol staking and governance. These activities are critical for the broader EVM ecosystem, but this trajectory may be penalized by scoring systems that reward diverse on-chain engagement. This dynamic underscores a challenge for scoring systems: prioritizing wide-ranging user activity can present an incomplete picture when applied to task-specific networks (or general purpose chains that are evolving into something more specialized). As a result, it’s important to clearly define what success means for whatever chain is being evaluated and use a scoring system that captures the corresponding user actions. A better way to define, and drive, on-chain growth Web3 has spent too long chasing the wrong metrics and failing to view the data in aggregate. In 2025, the winners will be those who find multivariate ways to measure — and act on — what matters most: user quality. By incorporating new scoring methods into their dashboards, on-chain intelligence platforms can provide more meaningful insights to investors and industry observers. At the same time, Web3 builders can use these scores to clarify top priorities and drive user engagement and value creation. Ultimately, this will help the entire industry shift away from hype-driven narratives to data-backed strategies that unlock the full potential of Web3 in 2025 and beyond.
On Monday, Bitcoin treasury company MicroStrategy announced that it had spent roughly $561 million to acquire additional Bitcoin as it remains uber-bullish on the world’s largest and oldest cryptocurrency. This marks its seventh consecutive week of Bitcoin purchases . The purchase comes as MicroStrategy officially begins trading as a member of the Nasdaq-100 equity index. MicroStrategy Buys More Bitcoin At An Average Price Of $106K According to a Monday announcement , MicroStrategy purchased 5,262 Bitcoin between December 16 and December 22 and now holds 444,262 BTC in total, valued at over $41 billion as of press time. MicroStrategy bought its latest Bitcoin at an average price of $106,662 per coin — the highest cost the firm has ever paid per BTC. The latest purchase contributes to the firm’s outstanding Bitcoin yield of 47.4% quarter-to-date and 73.7% year-to-date, raising the average cost to $62,257 per Bitcoin. MicroStrategy has acquired 5,262 BTC for ~$561 million at ~$106,662 per bitcoin and has achieved BTC Yield of 47.4% QTD and 73.7% YTD. As of 12/22/2024, we hodl 444,262 $BTC acquired for ~$27.7 billion at ~$62,257 per bitcoin. $MSTR https://t.co/asDGerBV7q — Michael Saylor (@saylor) December 23, 2024 According to a Monday SEC filing, the Tysons, Virginia-based company financed its Bitcoin purchase by selling shares of its stock. Last week, MicroStrategy sold 1.3 million shares, generating roughly $561 million in net proceeds. While MicroStrategy has been snapping up the apex crypto since 2020, Monday’s announcement came at a historic time for the Michael Saylor-founded company. MicroStrategy was added to the Nasdaq-100 index earlier this month. MicroStrategy’s shares officially started trading as part of the index on December 23. The listing is bullish for the crypto industry as it indicates more mainstream acceptance of the fast-growing sector. Back in October, MicroStrategy announced plans to raise $42 billion in capital to support further Bitcoin purchases as part of its treasury reserve strategy. As of December 22, the firm revealed it had about $7 billion worth of shares still available for sale as part of its planned $21 billion equity offering and $21 billion in fixed-income securities. Bitcoin Price Action MicroStrategy’s latest BTC purchase aligns with Michael Saylor’s pledge earlier this month to continue scooping up BTC even at peak prices. “I’m sure that I will be buying Bitcoin at $1 million a coin — probably $1 billion dollars a day of Bitcoin at $1 million a coin,” Saylor posited. However, the price of BTC has plummeted by around 13.7% over the last six days since hitting a new record high mark above $108,000. The correction came after Federal Reserve Chair Jerome Powell said the central bank would reduce interest rates at a slower pace in 2025. Powell also clarified that the Fed was “not allowed to own Bitcoin” and “not looking for a law change.” The top crypto was changing hands for $93,458 as of publication time, representing a 2.3% drop on the day.
Terawulf Inc., a bitcoin miner and digital infrastructure provider, has signed agreements to deliver over 70 megawatts of data center infrastructure to Core42, a subsidiary of G42 specializing in artificial intelligence (AI) and cloud services. Terawulf Secures Key AI Data Center Deal with G42’s Core42 The agreement will see Terawulf (Nasdaq: WULF) customize its Lake
Bitcoin has endured days of underwhelming price action, retreating from its all-time high of $108,364 to a local low of $92,100. Despite this sharp pullback, the price structure remains bullish, fueling optimism among analysts and traders who believe Bitcoin’s rally could resume at any moment. Market sentiment appears cautious but hopeful, with many eyeing key support and resistance levels for confirmation of the next major move. CryptoQuant analyst Axel Adler recently shared intriguing data on X, shedding light on Bitcoin’s current trading dynamics. According to Adler, the average daily trading volume on centralized exchanges (CEX) is currently at $31 billion—significantly lower than the $40 billion record highs observed in March and December of this year. This decline in trading activity suggests that market participants are waiting for clearer signals before committing to large positions. The reduced trading volume highlights an environment of consolidation and potential accumulation as BTC continues to hold above critical support levels. With bullish sentiment still intact and on-chain metrics pointing to strong fundamentals, the coming days could provide pivotal insights into Bitcoin’s trajectory . Investors are now closely monitoring the price action for signs of renewed momentum as the market braces for what could be the next phase of Bitcoin’s bull run. Metrics Suggest An Ongoing Rally Bitcoin has been undergoing a period of consolidation below its all-time high, and many investors have felt a sense of uncertainty, wondering if the cycle’s top has already arrived. This fear has been amplified by the recent price pullback, but key metrics suggest that there is still plenty of room for growth and demand in the market. The current price action might look bearish to some, but the underlying data points to a continued bullish outlook in the near term. Top analyst Axel Adler recently shared insightful data on X , revealing that the average daily trading volume on centralized exchanges (CEX) currently stands at $31 billion, which is $9 billion lower than the record highs observed in March and December of this year. Despite this decline in volume, it suggests that the market is in a consolidation phase rather than a full-blown downturn. Additionally, ETF trading volumes remain strong, averaging $4.4 billion per day, with a peak of $6.7 billion reached in March. Combined, these metrics total an average of $35.5 billion in daily trading volume, reflecting substantial activity in the market. Now, consider the scenario where traditional finance (TradFi) never entered the space. In such a scenario, the market would have likely continued as it has in the past—driven by futures and spot market activity during cycle peaks. The involvement of TradFi has undoubtedly added liquidity, but it hasn’t fundamentally altered the market’s natural dynamics. The fact that Bitcoin continues to experience healthy trading volume suggests that the bull market may not be over just yet. Bitcoin Holding Strong Above $95K Bitcoin is currently holding above the crucial $95,000 level, which is a key price point for determining the short-term direction. This level has acted as a significant support zone, and if BTC can maintain its position above $95K in the coming days, a push towards the $100K mark would be expected. This potential upward move would signal that the bulls are regaining control and are preparing to challenge previous all-time highs. However, if BTC fails to hold above $95K and loses this level of support, it would likely send the price to test lower demand zones. In this scenario, the next significant support level lies around $92,000, which could act as a critical test for the market’s strength. A breach below this mark would increase the likelihood of a deeper correction, with BTC possibly moving toward even lower levels. The coming days will be crucial for BTC, as maintaining support above $95K is vital for sustaining the bullish momentum and avoiding further downside pressure. The market remains in a delicate balance, and the next move could determine whether Bitcoin continues its ascent or faces a more significant pullback. Featured image from Dall-E, chart from TradingView