In the last 24 hours, GALA has fallen by 7.02% and is currently priced at $0.0481, boasting a…
Ripple’s groundbreaking RLUSD stablecoin launches on Tuesday, set to transform global payments with instant settlements, defi integration, and unrivaled regulatory compliance. Ripple Launches RLUSD Stablecoin: The Revolution in Global Payments Begins Ripple is gearing up for the global debut of Ripple USD (RLUSD), an enterprise-grade stablecoin launching on Dec. 17. Designed for trust, utility, and
The post Cardano (ADA) Price Prediction for December 17 appeared first on Coinpedia Fintech News ADA, the native token of the Cardano blockchain, is gaining significant attention from crypto giants despite its ongoing price consolidation. On December 17, 2024, data from on-chain analytics firm Santiment revealed a massive rise in whale activity on the Cardano network, signaling potential upside momentum. Whale Transactions Surge on Cardano Network According to the data, the Cardano network witnessed a substantial 687 transactions, each worth more than $1 million, recorded in the past 24 hours. This highlights whales’ rising interest and confidence in the altcoin, suggesting a major price rally could be on the horizon. Additionally, these notable transaction details were highlighted by crypto experts on X (formerly Twitter). However, ADA experienced this surge in transactions during a period of consolidation, as it traded within a tight range over the past week. A massive surge in whale activity on the #Cardano $ADA network! In the past 24 hours, 687 transactions exceeding $1 million were recorded. pic.twitter.com/p8vzuLaFVP — Ali (@ali_charts) December 16, 2024 Cardano (ADA) Technical Analysis and Upcoming Level According to expert technical analysis, ADA appears to have formed a bearish head and shoulders price action pattern. However, this pattern isn’t yet complete, as the price remains trapped in a consolidation range between $1.07 and $1.14. This range could determine whether ADA moves upward or downward in the coming days. Source: Trading View ADA Key Levels and Current Price Momentum Based on recent price action, if ADA breaks out of the narrow range and closes a daily candle above the $1.14 level, the bearish pattern would be invalidated, and ADA’s price could soar by 43% to reach the $1.63 mark in the future. Conversely, if ADA breaks down from the range and closes a daily candle below $1, the bearish pattern would be confirmed, and ADA could witness a price decline of 24%, falling to the $0.78 level. However, this bearish outlook currently appears manageable, as ADA continues to receive support from an ascending trendline. On the positive side, ADA’s Relative Strength Index (RSI) currently stands at 52, below the overbought zone, indicating that the asset has enough room to rise in the coming days. Currently, ADA is trading near $1.07 and has recorded a price decline of 2.7% in the past 24 hours. During the same period, its trading volume surged by 50%, indicating heightened participation from traders and investors and rising interest in the asset.
Thorchain (RUNE) price has shown strong bullish momentum over the last 24 hours, after finding support at an intra-day low of $6.16. Bulls have reversed the negative sentiment, driving the price to a seven-day high of $7.08, marking a 12% increase in the past day and a 25% rise over the last 30 days. Subsequently, this price surge coincided with a notable increase in RUNE’s market capitalization, which rose by 12.02% to $2.39 billion. Additionally, the 24-hour trading volume jumped by 142% to $583.99 million. Analysts now predict that RUNE could see a price increase of over 125% in the near term. Will Thorchain Price Soar 125%? The recent price rally has brought renewed attention to Thorchain (RUNE) as market activity intensified significantly. The cryptocurrency’s 24-hour trading volume increased to $583.99 million, representing a surge of 142%, reflecting heightened buying interest. Concurrently, the market capitalization also saw a 12.02% rise, solidifying Thorchain’s growing market position at $2.39 billion. Open interest in RUNE futures has also gained traction, increasing by 16.19% to $114.97 million. This rise indicates growing optimism among investors as bullish sentiment dominates the market. The uptick in both trading volume and open interest suggests that traders and buyers are actively positioning themselves for potential upward moves in RUNE’s price. Analysts see this strong momentum as an indicator of continued price growth. Cryptocurrency analyst Javon Marks commented on the current trend, stating, “$RUNE (THORChain) has an upside target of approximately $15.75, representing a potential increase of over 125%.” Technical Indicators Confirm Bullish Sentiment RUNEUSD technical indicators also point to sustained bullish momentum for the token. On the 4hr price chart, Thorchain price broke out of an ascending triangle pattern.which often signals of an impending upward price breakout. The breakout occurred when RUNE’s price crossed the $6.50 resistance level, leading to a significant upward surge. Following the breakout, the bulls have maintained control, driving the Thorchain price above $7. Analysts consider the breakout confirmation a strong sign of buyer dominance. RUNE/USD 4hr price chart (source: TradingView) The Moving Average Convergence Divergence (MACD) indicator further supports this bullish sentiment. The MACD line recently crossed above the signal line, signaling the start of a potential upward trend. Concurrently, the histogram bars, which have turned green, show that buyer momentum is building as the MACD diverges upward. In addition, the Relative Strength Index (RSI) is currently at 62.03, which indicates a bullish zone without the risk of being overbought. The indicator peaked at 75 during the recent rally, before slightly retreating, showing that buyers are still active without pushing the price into overbought conditions. Subsequently, this balance suggests there could be more upward movement for Thorchain price if current momentum is maintained. The post Thorchain (RUNE) Price Jumps 12% As Analyst Projects 125% Rally appeared first on CoinGape .
As XRP and Cardano navigate uncertain growth, XYZVerse emerges with the potential to shake up the 2025 crypto market. #partnercontent
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As XRP and Cardano navigate uncertain growth, XYZVerse emerges with the potential to shake up the 2025 crypto market. Table of Contents The all-sports meme token ready to make its play XRP Cardano Conclusion Investors are questioning whether established cryptocurrencies like XRP and Cardano (ADA) can maintain their upward momentum in a rapidly evolving market. Meanwhile, new tokens are emerging, promising to disrupt the status quo and offer fresh opportunities for growth. One such contender is XYZVerse (XYZ), a meme coin that bridges sports enthusiasm and crypto culture, aiming to redefine community engagement and market dynamics. The all-sports meme token ready to make its play As XRP and Cardano work to sustain their growth, newcomers like XYZVerse are emerging to challenge the status quo. Bridging sports enthusiasm with the viral power of meme coins, XYZ is positioned as a transformative token that combines community engagement with growth potential. XYZ is more than just another meme coin – it’s an exclusive VIP pass to a sports-driven, meme-powered ecosystem. Think of it as the MVP of the XYZVerse platform, where investors can capitalize on the skyrocketing demand for meme coins. Polymarket hit $1 billion in trading volume during the U.S. presidential election. Imagine pairing that with the hype of meme coins and the excitement of sports betting. With millions of sports fans ready to participate, the XYZVerse ecosystem is primed for expansion, offering slam-dunk rewards for early adopters. Meme coins are dominating the 2024 crypto landscape, and XYZ is ready to crush the competition. With projected thousand-fold returns and a 9,900% growth target by the Token Generation Event (TGE), XYZ is set to outperform rivals like BOME (5,000% rise) and WIF (1,000% rally). Upcoming listings on major CEX and DEX platforms, audited smart contracts, and a vetted team ensure that XYZVerse is a secure and promising investment. The first-mover advantage is critical here – those who get in before the crowd storms the field could see unmatched returns. Intrigued investors can get XYZ via presale and be part of its crypto championship. XRP XRP has experienced significant growth over the past six months, soaring by 379.42%. In the last month, it surged 122.42%, marking a remarkable uptrend. Currently trading between $2.20 and $2.58, XRP is hovering around its 10-day and 100-day simple moving averages of $2.42 and $2.40 respectively. The Relative Strength Index (RSI) stands at 51.94, suggesting that the asset is neither overbought nor oversold. The Stochastic indicator is at 37.97, reinforcing a neutral market position. Looking ahead, XRP faces its nearest resistance at $3.30. A breakthrough could propel it toward the next resistance level of $4.03. On the downside, immediate support lies at $1.83, with a secondary support at $1.09 if bearish momentum continues. You might also like: AI predicts XRP surpassing ETH this cycle — but the real crypto winner could be XYZ Cardano Over the past week, Cardano has seen a price increase of 7.07%. In the last month, ADA has surged by 48.08%, and over six months, it has climbed by 170.90%. The current price ranges between $1.06 and $1.33, showing significant movement in a short period. Technical indicators suggest potential for further growth. The Relative Strength Index (RSI) stands at 54.78, indicating neutral momentum. The stochastic oscillator is at 82.14, which is nearing the overbought zone. The Moving Average Convergence Divergence (MACD) level is slightly negative at -0.00015329, hinting at a possible bullish reversal. If ADA breaks above the nearest resistance level of $1.46, it could aim for the second resistance at $1.73, representing an increase of approximately 30%. On the downside, if it falls below the nearest support at $0.923, it might test the second support at $0.653, a potential decrease of about 40%. The 10-day and 100-day simple moving averages are close at $1.08 and $1.10, suggesting consolidation before the next major move. Conclusion While XRP and Cardano show strong growth, XYZVerse aims to surpass them by uniting sports fans in a meme coin targeting massive gains and redefining the market in 2025. For more information about XYZVerse, visit their website , Telegram , or X . Read more: Crypto Strategist: XRP to remain above $2, XYZ and ADA target big moves Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Riot Platforms recently enhanced its cryptocurrency portfolio by acquiring 667 BTC, pushing its total holdings to a staggering 17,429 BTC and a market value nearing $2 billion. As institutional interest
The letter calls for reforms in the U.S. cryptocurrency market. Continue Reading: Letter Urges Trump to Advocate for Crypto Market Reforms The post Letter Urges Trump to Advocate for Crypto Market Reforms appeared first on COINTURK NEWS .
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