Cardano's latest correction set the stage for potential growth, with highest targets expected now for the altcoin.
In a significant development reported on January 18th, COINOTAG News highlights a substantial transaction involving a well-known crypto whale, vladilena.eth. This address recently moved 5018 ETH—equating to approximately $16.36 million—to
Following an earlier price crash to below $90,000, Bitcoin closed out the past week with an impressive price surge resulting in a net 9.30% gain. During this price rally, Santiment reports a significant network development with bullish indications for the largest cryptocurrency. Related Reading: Bitcoin Price Forecast Of $150,000 ‘Too Low’ Amid Rising Adoption, Crypto Trader Says Ash Tiwari 1 hour ago Bitcoin Whale Wallets Heading For 18,000 In a new post on X, prominent blockchain analytics firm Santiment provided a live update on the Bitcoin market amid the current uptrend. Notably, Bitcoin produced another robust positive trading week making a near full-price rebound from its correction in late December. The BTC market was particularly bullish on Friday as prices surged by over 7% to trade as high as $105,970. Interstingly, Santiment reports that the number of whale wallets holding at least 100 BTC had increased to 17,799 right before Bitcoin hit this one-month high price milestone. This development is particularly important as an increase in Bitcoin whales signals accumulation which is a common bullish signal. Considering that this accumulation is occurring in price zones near Bitcoin’s current all-time of 108,268, it can be inferred that large BTC holders are highly expectant of significant price gains leading to a new price discovery. Interestingly, this trend supports the presently strong bullish sentiments around Bitcoin driven by multiple factors most notably expectations of US pro-crypto policies. With the inauguration of Donald Trump less than three days away, investors are hopeful the Republican will implement his promises to the crypto community which include but are not limited to the national Bitcoin reserve, and the overturn of the SAB 121 policy among others. In addition, BTC investors are also bullish on the performances of the Spot Bitcoin ETFs following an impressive debut year during which they recorded $37.10 billion in net cumulative total net inflow. For 2025, the President of the ETF Store, Nate Geraci predicts the Spot Bitcoin ETFs will permanently accumulate more net assets than physical gold ETFs, which would translate to significant gains for the premier cryptocurrency in terms of price and adoption. BTC Price Overview At the time of writing, Bitcoin was trading at $104,174 following a 3.19% price increase in the past 24 hours. On the same positive note, the asset’s daily trading volume currently stands at $65.88 billion following its 16.27% gain. Investors should note that Bitcoin’s relative strength index is currently at 69.16 heading for the overbought zone. Therefore, there is potential for a reversal soon. With a market cap of 2.06 trillion, Bitcoin remains the largest digital asset accounting for 56.4% of the total crypto market cap. Related Reading: Bitcoin At Risk Of Supply Shock As ETF Issues Buy More BTC Than Was Produced In December Featured image from Xcoins, chart from Tradingview
In a recent statement shared on social media, Andrew Kang, a partner at Mechanism Capital, highlighted a provocative suggestion from former President Trump. Kang indicated that Trump is advocating for
On Friday, January 17, America held its first-ever crypto ball at the Andrew W. Mellon Auditorium in Washington, D.C. The crypto event ushered in what industry leaders call the “most pro-crypto administration,” led by the 47th US President, Donald Trump. Washington, D.C. kept watch all night on Friday as history was being made at Trump’s inaugural Crypto Ball. The event hosted by his newly appointed AI and Crypto Czar, David Sacks, wasn’t just any gala; it was a four-hour-long spectacle where political elites, the wealthy, and the troops of blockchain technology came together to “Make America Great Again.” The freebies #cryptoball pic.twitter.com/FGViPM7DhR — Edward Woodford (@e_woodford) January 18, 2025 “Crypto is big right now…Trump is killing it in the crypto game, and there’s a lot of money to be made there,” said political commentator Rob Smith in a video he posted on X. Crypto ball was sold out: All eyes on ‘crypto president’ The who’s who of the crypto world gathered under the auditorium’s towering ceilings, colored by banners of several sponsors like Coinbase’s Stand With Crypto, Kraken, Anchorage Digital, and Exodus. Attendees were seen downing cocktails, white wine clarets, and nibbling on beef tenderloin sliders on the sides. @DavidSacks did not disappoint with this #cryptoball menu pic.twitter.com/PpBzsOfB5n — Edward Woodford (@e_woodford) January 18, 2025 Michael Saylor, Brian Armstrong, the Winklevoss twins, and Jesse Powell were all present in Tuxedos, mingling with political movers and shakers, including Speaker of the House, Mike Johnson. Days before the inaugural ball, tickets were sold out at tiers of $2,500 and $5,000, with ultra-exclusive packages that included $100,000 VIP tickets and private dinners priced at $1 million. Even press access was restricted; it wasn’t just a show for anybody to get in. Attendees were treated to performances by rap legends Snoop Dogg, Rick Ross, and Soulja Boy. HOW TF IS ANYBODY SUPPOSED TO SLEEP?! This was Solja Boy at the crypto ball dancing like he bought some $trump pic.twitter.com/8x6qCspdOv — Nick O’Neill (@chooserich) January 18, 2025 Adding to the evening’s extravagance was the surprise launch of Trump Coin , a Solana-based memecoin shared on Trump’s social media accounts on X and Truth Social just hours before the event. News of the launch spread like wildfire, and traders flocked to buy in. However, there was a healthy amount of skepticism from the crypto community on X, who speculated that the president-elect’s accounts could have been hacked. My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC — Donald J. Trump (@realDonaldTrump) January 18, 2025 The posts on Trump’s social media remained live, and crypto enthusiasts like Mario Nawfal confirmed that it wasn’t a scam; the incoming POTUS really did launch a memecoin, and that gradually eased the community’s concerns. Early on-chain analysis revealed that the token reached a market cap of $8 billion in just three hours, putting it in the top 20 in market cap rankings. The incoming President of the United States just launched a meme coin days before his inauguration. The market cap is almost $8 billion in less than 3 hours, which nearly doubles Trump’s net worth. Financial markets are not ready for what is ahead — buckle up. — Anthony Pompliano 🌪 (@APompliano) January 18, 2025 After his inauguration on January 20, Trump is expected to issue his first executive order on crypto as the industry continues to expect his administration to create a more favorable environment for digital currencies in the coming months. Non-profit organizations DSA, WLF reveal plans During the crypto ball, Tron-affiliated non-profit organization the Digital Sovereignty Alliance (DSA) released a statement on X unveiling its partnership with the new administration in driving ethical policies that benefit the public. DSA was one of the sponsors of the crypto event. “We look forward to working with the new administration to foster innovation through ethical policies that prioritize public welfare,” the organization remarked. Elsewhere, a source close to the Trump family has revealed that World Liberty Financial (WLF) plans to add Tron’s TRX into its reserves. The anonymous source also confirmed that a Tron delegation, led by company founder Justin Sun, is set to attend the president’s inauguration. The inaugural digital asset ball was a dazzling blend of popularity and ambition; the air was buzzing with talk of blockchain’s future. It was more than just about solidifying crypto as a legitimate, influential force in America. ZeroHash CEO Ed Woodford called the event an “evening with pomp that is an incredible tailwind for us all.” Whether this marks the beginning of a true crypto renaissance or it’s just another chapter in the industry’s growth, one thing is for certain: Donald Trump is good for crypto.
According to a last-minute statement made by Binance, it has decided to list the Official Trump (TRUMP) memecoin in futures. The altcoin launched today has a total market value of over $4 billion and has risen by 208% in the last 24 hours. *This is not investment advice. Continue Reading: BREAKING: Binance Listed the Most Talked Memecoin of the Last Hours on Futures
Since 2024, the Oracle network’s Chainlink has been gaining investors’ attention consistently. In this period, the token formed multiple rallies but failed to surpass the ATH set four years ago. However, the current technical setup presents a LINK uptrend with a price targeting $50. Let’s discuss how these ambitious Chainlink price predictions will take place. Chainlink Price To Hit $50 Per Bull Flag Pattern After its bullish performance, the LINK token has gained investors’ attention. A crypto analyst, Michael van de Poppe, has called Chainlink a blue chip while highlighting its long-term growth potential. Others have predicted that this token will hit $32, $35, and even $50. At present, it is among the top cryptos of the market , trading at $24.30 with $15.5B in market capitalization. Interestingly, at this point, crypto analyst Ali Martinez identified the formation of the bull flag pattern, with which Chainlink price could target $50 in the long run. According to Ali LINK prediction , the four-hour price chart showcases the formation of a falling wedge pattern, which usually results in a breakout. The current level presents the token near the 0.618 Fibonacci retracement level, acting as a launchpad for a bullish rally. The price breakdown will be confirmed at $24.47, from where it will initially target $27.18 and $30.36. According to him, the continuity of the uptrend will result in Chainlink price hitting $37.61, $41.80, $50.93, and eventually $58.63 at the extreme. However, in contrast, the price can decline to $20.45 before finding support at that level. Although the bullish flag represents an upcoming uptrend, additional factors cater to this bullishness. Other Factors Favoring LINK’s Bullish Momentum The rumor of the Chainlink and BlackRock partnership is swinging investors’ sentiments towards the token. If this happened, the LINK price could hit new ATH, per a CoinGape article. Moreover, whale activity is at its peak for the crypto token, showing strong confidence in a bullish trajectory. A recent IntoTheBlock report mentioned the rise of large investors’ transaction volume from $35.6M to $185M within a week. It reached a peak transaction count of 613, which represents the increased interest of the large buyers, which drives the price rally. This demand and user confidence are also visible in Chainlink’s trading volume, which is maintaining a peak of around $1B. Such high trading volume often leads to further price uptrends. There are other factors, like Chainlink’s CCIP v1.5 upgrade and partnership with BTguru and many others, that help with its adoption. Key Points To Remember Despite the constant failures to achieve the ATH, the LINK token price is constantly rising with its growing adoption and investor interest. Multiple crypto analysts have presented a bullish outlook for the token, where Ali Martinez predicts Chainlink price will soon achieve the $50 and higher target. Ali’s prediction is based on the appearance of the bull flag pattern, indicating growth from the current level towards the new ATH. However, this analysis is based on current stats, so investors must run their own research and analysis, as market unpredictability could change the price trajectory. The post Expert Forecasts Chainlink Price to Target $50 Due to This Setup appeared first on CoinGape .
As President-elect Donald Trump prepares to take office, the crypto industry is abuzz with optimism about the potential for groundbreaking policy changes under the new administration. With Trump widely considered the most openly pro-crypto president in U.S. history, many expect a regulatory environment that encourages cooperation rather than enforcement. One of the most hotly debated questions is whether the new administration will make it easier to approve spot exchange-traded funds (ETFs) tracking Solana (SOL). Solana received significant attention in November after the U.S. Securities and Exchange Commission (SEC) hinted that it would look into S-1 ETF filings. But under its current leadership, the SEC has rejected filings from leading issuers including VanEck, 21Shares, Bitwise, WisdomTree and Canary Capital. “The SEC essentially refused to accept the latest Solana ETF filings,” according to Bloomberg analyst James Seyffart. Although applicants have filed the necessary 19b-4 forms to propose rule changes, sources claim the SEC has requested that all applications be withdrawn. These forms were critical to the approval of spot Bitcoin and Ethereum ETFs last year, supporting market optimism. Related News: Veteran Analyst Reveals the Scenario He Expects in Bitcoin This Weekend With the SEC leadership changing under Trump, analysts and industry leaders are cautiously optimistic. ETF Store President Nate Geraci suggested that Solana ETFs could receive approval by the end of 2025. However, regulatory timelines are quite strict. “The earliest approval is probably 240 days after new applications are filed,” said a senior executive at a company planning to issue the Solana ETF. “I would be very surprised if it’s earlier.” The executive noted that 240 days represents the statutory deadline for SEC responses after applications are filed. Steven McClurg, chief investment officer at Canary Capital, noted potential delays due to leadership transitions. “The optimistic estimate is by the end of 2025. It’s possible, but it’s very optimistic,” he said. “Crypto is not a top priority for the SEC, it’s a top priority for us, but not for them,” he added. Similarly, Vivian Fang, a finance professor at Indiana University, noted that while Trump’s administration has become more crypto-friendly, regulatory changes take time. “Even with a new SEC chair, many of the staff in the Division of Trading and Markets remain the same,” she said, cautioning against expecting immediate transformation. *This is not investment advice. Continue Reading: What’s the Latest on Solana ETFs? When Do Experts Expect Approval?
TL:DR; With just days left until he steps into office, Donald Trump has once again taken the crypto community’s focus. This time, it’s because he has evidently launched a meme coin that has already soared in value and is among the top 40 largest altcoins by market cap. Trump’s Official Meme Coin It’s safe to say that the crypto community has seen a lot of strange things in the past decade, especially when it comes down to meme coins. After all, there are some based on dogs, cats, famous frog characters, dead squirrels, and so on. However, it’s not every day that you see the promotion of a meme coin made by the president-elect of the world’s largest economy. Donald J. Trump, through his official accounts on Truth Social and X, announced yesterday that he has a new ‘official’ meme coin and urged his almost 100 million followers to ‘join my very special Trump Community.’ My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC — Donald J. Trump (@realDonaldTrump) January 18, 2025 A lot of people questioned the legitimacy of the project and guessed that his account was hacked. However, that doesn’t seem likely at the moment. The meme coin’s website resembles those made for Trump’s official NFT collections in the past, credited to the same licensee – CIC Digital. It shows that the current circulating supply is 200 million, but it could go up to as high as a billion within the next three years. Somewhat alarmingly, the groups that will own the biggest shares are ‘creators and CIC Digital,’ with a total percentage of 72%. While others praised the move and officially welcomed Trump to the cryptocurrency space, even though he already has such a project called World Liberty , some, such as ZachXBT, were a lot more skeptical . Welcome to Top 40 OFFICIAL TRUMP (TRUMP) is obviously today’s top gainer, and its value has skyrocketed by triple digits. According to data from CMC and CG, its market cap has soared to over $4 billion. Although the two platforms have slightly different valuations ($4.3 billion vs $4.05 billion) at press time, TRUMP has entered the top 40 largest alts by market cap on both. Moreover, TRUMP’s gains come amid a massive retracement from all other meme coins based on his presidential campaign and upcoming presidency. The post Donald Trump’s ‘Official’ Meme Coin Cracks Top 40 Altcoins: Crypto Community Reacts appeared first on CryptoPotato .
Switzerland is gearing up to adopt the Bitcoin reserve amidst growing cryptocurrency acceptance fueled by Donald Trump’s progressive policies. Cryptocurrency advocates nationwide propose considering BTC as a reserve asset along with the dollar, euro, and gold. This initiative tends to provide Bitcoin legal recognition in the European country. As per a recent report , the campaigners have begun collecting 100,000 signatures, triggering a national vote on Bitcoin adoption. This move could potentially pressure the Swiss National Bank (SNB) to reconsider its pessimistic approach to the flagship cryptocurrency. Switzerland To Vote For Bitcoin Reserve The Swiss Federal Chancellery kicked off the Bitcoin reserve proposal on December 31, 2024, following a failed attempt in October 2021. The motion gained increased attention when Donald Trump, who hails himself the “crypto President,” won the 2024 US election. The country launched the BTC proposal to amend the Swiss Federal Constitution, facilitating the addition of Bitcoin to the SNB portfolio. The deadline to gather the required signatures is June 30, 2026. After fulfilling the signature count, the proposal would reach the Federal Assembly and then for a public vote. Commenting on the Swiss public’s positive sentiment towards BTC reserve, crypto enthusiast Rino Borini cited, People here certainly show more interest and openness for Bitcoin as a store of value than in neighboring countries. It’s like with cash. The Swiss like it for its security and privacy. BTC To Overpower Centralized Assets While most of the reserve assets of the central bank are foreign, Switzerland is often dependent on other governments. With the adoption of a BTC reserve, many believe that the decentralized crypto asset could make the country’s financial ecosystem independent. Nonetheless, the traditionally conservative SNB has expressed skepticism over the Bitcoin reserve proposal despite growing public support for its adoption. Addressing the high volatility of BTC, SNB Chair Martin Schlegel raised concerns over the viability of crypto as payment. He dismissed the proposal in November, describing cryptocurrency as a “niche phenomenon.” In addition, the largest crypto by market cap constantly shows an unpredictable nature, which remains a major barrier for many to consider it a legitimate asset. UBS economist Alessandro Bee warned that Bitcoin’s high volatility poses risks of SNB’s equity shrinking with market fall. He added, “Over a longer period of time, the SNB’s credibility could suffer.” Swiss Economy Embraces Future of Finance Switzerland has been at the forefront of crypto adoption and blockchain advancements. The favorable regulatory framework and advanced technologies of the country have contributed to the growth of the Swiss crypto ecosystem. Also, the nation’s “crypto valley” and blockchain-focused education solidify its position as a global hub for cryptocurrency. Given that the Swiss accept the Bitcoin reserve proposal, it could potentially push the country to become a global leader. The post Will Switzerland Adopt Bitcoin Reserve? National Vote To Decide appeared first on CoinGape .