These are some of key themes that Cardano will be focused on
A substantial transfer of 30,000,000 XRP, worth approximately $95.5 million, was recorded on January 19, 2025. This transaction was made from the South Korean exchange Upbit to an unidentified wallet, raising speculation about potential market activity. Analysts predict that XRP may experience a significant price surge, with a potential breakout to $4. XRP Price Breaks Out of Bullish Chart Patterns Crypto analysts are closely monitoring XRP’s price movements, citing a bullish flag pattern as a possible indicator of further gains. This chart pattern, characterized by a sharp upward movement (flagpole) followed by a consolidation period (flag), suggests the continuation of XRP’s upward trajectory. According to Ali Martinez, a market analyst, the price of XRP has broken out from this bullish flag and may rise to $4. XRP broke the $3 mark for the first time since 2018, peaks at $3.40, then dropped to $3.16. According to analysts, if XRP continues to trade above $3.40 and breaks through this level again, it could signal that the expected increase has begun. On the flip side, a drop below the $2.91 level may open the way for testing the $2.59 support level. Symmetrical Triangle Breakout Signals Long-Term Growth On a larger scale, analysts are pointing to the fact that XRP price is trading out of a symmetrical triangle that has been in place for years. This pattern started right after the XRP reached its ATH of $3.80 in December 2017, which is a bullish pattern. As per Martinez, the long-awaited breakout was initiated by XRP’s recent rally from November 2024, indicating that the price may rise even more. He has set a price target of $15 that is five times of the current price and this could be the long term target. According to Martinez, the fact that XRP broke the $3 mark for the first time in seven years supports the idea that it should keep rising. Nonetheless, this positive outlook has attracted criticism. Some skeptics like the crypto commentator Tribal Trader has questioned the possibility of hitting $15 citing the market cap bar. At $15 per coin, XRP’s market capitalization would be over $860 billion, more than double that of Ethereum right now. Martinez retaliated that with a market capitalization of $180 billion, XRP already has a market capitalization greater than the financial behemoth, BlackRock. Optimism Builds as XRP ETF Approval Looms XRP investors’ confidence has been boosted further by the possibility of the U.S. approving XRP exchange-traded funds (ETFs). This optimism comes after Ripple emerging victorious in a lawsuit against the U.S. Securities and Exchange Commission (SEC) in 2024. Even though the SEC has moved to appeal the decision , experts are positive that with a crypto-friendly chairman expected to join the SEC soon, Ripple will find better luck. If the regulatory climate becomes more favorable for cryptocurrencies, then it could also mean the approval of XRP ETFs, which could in turn push the price even higher. Transaction volumes for XRP have been on the rise in the past few weeks, which is a sign of interest from investors. The cryptocurrency has appreciated by more than 560% since November 2024 and the market capitalization has more than doubled in this time. Market analysts are keen on the $3.40 price level as a crucial marker of whether XRP will break through to $4 or higher. The post XRP Whale Moves $95M Ahead Of Trump Inauguration, Rally To $4 Imminent? appeared first on CoinGape .
The cryptocurrency market’s recent fluctuations have generated significant buzz, particularly as Bitcoin (BTC) approaches its all-time high, stirring investor sentiment. Despite Bitcoin’s surge, other altcoins have struggled, showcasing a distinct
The Securities and Exchange Commission has filed charges against Nova Labs for allegedly conducting unregistered securities offerings and making false statements about business partnerships to mislead investors. According to the SEC’s complaint , Nova Labs has been selling unregistered investment contracts since April 2019 through two main products: “Hotspots” — electronic devices that mine three different Nova Labs crypto assets (HNT, MOBILE, and IOT tokens), and a “Discovery Mapping Program” that rewards users with MOBILE tokens for providing network data. The complaint alleges that Nova Labs promised investors their Hotspots and participation in the Discovery Mapping Program would generate returns through the company’s efforts to build and expand a wireless network. Nova Labs claimed this would increase demand and value for their crypto tokens, leading to profits for investors. You might also like: TRUMP meme coin pushes Solana DEX volume, SOL price to all-time high Nova Labs made false statements about its wireless network In a serious allegation of fraud, the SEC states Nova Labs falsely told investors that major companies, including Nestlé, Salesforce, and Lime, were actively using its wireless network. The complaint reveals that when Nestlé and Lime discovered Nova Labs was publicly claiming these nonexistent relationships, they sent cease-and-desist letters to the company. The SEC charges that these false partnership claims were material to investors’ decisions to purchase Nova Labs’ Hotspots and company stock, violating antifraud provisions of federal securities laws. The case specifically cites violations of Sections 5(a) and 5(c) of the Securities Act of 1933 for unregistered securities offerings and alleged fraud violations under Section 17(a)(2). The Commission is seeking several remedies, including permanent injunctions, disgorgement of illegal profits with interest, and civil monetary penalties. This enforcement action continues the SEC’s focus on cryptocurrency companies operating outside securities registration requirements while allegedly making false claims to attract investors. You might also like: Prediction markets Polymarket, Kalshi expect 79-89% chance of US TikTok ban: Trump to ‘review’ situation
Bitcoin’s latest market movements have sparked significant interest, particularly highlighted by a recent golden cross indicating potential new all-time highs. As of now, Bitcoin is trading above $105,000, marking an
Aside from the upcoming inauguration, which is scheduled to take place on January 20, Donald J. Trump managed to capture the crypto community’s attention via a very surprising and extraordinary move made on Friday evening. The meme coin that he and his team launched and promoted has skyrocketed in a spectacular fashion, becoming the second-largest in its field. Is that good or bad for the overall meme coin landscape and crypto as a whole? The Bad It has been less than two full days, but Official Trump, going under the ticker TRUMP , has become a top 20 altcoin on CoinGecko and CoinMarketCap and is even close to cracking into the top 10 on the latter. Its market capitalization has shot up to nearly $15 billion on CMC, and it could be even higher by the time you read this article. This is a spectacular and never-before-seen type of surge for a cryptocurrency. It literally went from 0 to (almost) 100 in less than a whole weekend, making multiple savvy traders overnight millionaires . Its story continues to amaze even the most experienced crypto market participants, as it is now the second-largest rep of the meme coin space, which was already quite overcrowded. But its rise has been met with the demise of many alternatives. CoinGecko’s meme coin chart shows that almost all competitors have bled out since TRUMP’s launch on Friday evening. On a daily scale, DOGE is down by over 9%, SHIB has plummeted by 10%, and PEPE has slumped by over 16%. This only goes to show that crypto, and meme coins in particular, is a dog-eat-dog world. And the biggest and ‘baddest’ now is the Donald Trump-backed rep, which is taking everyone down. The Good Although it’s true that most meme coins, and even altcoins as a whole, are dumping hard today, TRUMP’s launch could actually be a blessing in disguise for them as well. After all, the upcoming US president has backed a crypto asset, which would probably mean that it will attract new investors to the market. The craze is more than obvious now and could continue for days and even weeks, especially since his inauguration is 24 hours away. However, those market participants will eventually start seeking alternatives once TRUMP’s rally reaches an exhaustion point, which could benefit some of its competitors or other alts. Let’s not forget that the president-elect made numerous pro-crypto promises during his campaign, which aim to propel the entire industry forward. In conclusion, it’s too early to say whether Donald Trump’s official entrance to the crypto asset world will have positive or negative long-term consequences for the market. However, it’s certain that it will impact it big time. The post Is Official Trump (TRUMP) a Boon or Bane for Crypto Markets? appeared first on CryptoPotato .
The crypto market experienced significant shifts as Solana’s value surged, driving the Mad Lads NFT collection into the spotlight. This rise in interest is linked to the launch of the
The Chainlink price has had a mixed performance since the turn of the new year, running up to $24 early on in 2025 before witnessing a severe pullback to below $20. However, the cryptocurrency appears to be recovering nicely, reflecting the improving market climate. According to a popular crypto analyst on the social media platform X, the Chainlink price is readying for another leg up over the next few weeks. The LINK token has mostly struggled over the weekend, but this sluggishness has barely made a dent in the altcoin’s performance in the past week. Can LINK Price Reach A New All-Time High In This Cycle? In a Jan. 18 post on X, renowned crypto pundit Ali Martinez put forward an exciting projection for the price of Chainlink over the next few weeks. Martinez took to the social media platform to explain how the Chainlink price could grow by more than 100% in the current cycle. Related Reading: XRP Breakout Alert: Expert Predicts Potential Surge To $15 After Triangle Formation This bullish prediction is based on the formation of a bullish flag on the Chainlink price chart on the four-hour timeframe. In technical analysis, the bull flag pattern is often considered a strong continuation pattern for upward price trends. The bull flag pattern is characterized by a period of almost vertical upward price movement (the flagpole), which is then followed by a consolidation period (the flag itself). In some scenarios — as seen in the chart below, the flag could be a little tilted downward. As highlighted by Martinez, the LINK price seems to be breaking out of the consolidation range of the bull flag. A successful close above the upper boundary of the flag could see the price of Chainlink move significantly to the upside. The price target from the bull flag pattern is usually calculated by measuring the length of the initial flagpole and adding to the price at the breakout level. Using this method, the potential price target from this bullish setup sits around the $50 mark. This would represent over a 100% surge for LINK from the current price point. Moreover, this potential rally could see the Chainlink token return to its all-time-high price of $52.7, which was forged in May 2021. Chainlink Price At A Glance After briefly reaching above the $25 level in the early hours of Saturday, January 18, Chainlink has now retraced to around $24. As of this writing, the LINK token is valued at $24.13, reflecting an almost 6% downturn in the past 24 hours. Nevertheless, the Chainlink price is up by about 20% in the last seven days, according to data from CoinGecko. Related Reading: Chainlink Price Shines With 40% Rally — Is $28.5 Possible? Featured image from iStock, chart from TradingView
A golden cross has emerged on Bitcoin's 1-7 day UTXO average, signaling the potential to a new ATH.
Cryptocurrency market goes wild, but for former Binance CEO Changpeng Zhao it's just start