Shiba Inu (SHIB) faces turbulent times, contending with a significant bearish trend yet showing potential for recovery following its latest strategic partnership. Despite recent selloffs, the integration with Chainlink is
The post Ethereum Struggles to Break $4,000—What’s Really Holding It Back? appeared first on Coinpedia Fintech News Ethereum (ETH) has been struggling with the $4,000 price level for months now. Since March 2024, it’s been rejected at this point three times. Right now, it’s sitting at $3,475, and while that’s a slight improvement, ETH has still dropped 24% over the past few days—from $4,087 to $3,097. Even with a small bounce back, things aren’t looking great overall. So, why is Ethereum struggling so much lately? Why Can’t Ethereum Break the $4,000 Wall? $4,000 is like a brick wall for Ethereum. Every time it gets close, the price just falls back down. Recently, ETH dropped to $3,097, but it’s managed to bounce back a bit to $3,475. Still, things don’t look too promising. The trading volume is down by nearly 15%, showing that traders aren’t too excited right now. The relative strength index (RSI) is sitting at 52.64, meaning the market is neutral, but not much movement is happening. While the 20-day moving average is helping to keep ETH above $3,400, breaking through $4,000 remains a challenge. Source : Tradingview ETFs Aren’t Helping Ethereum’s Case When Ethereum launched its spot ETFs in August, there were high hopes for them. Unfortunately, they haven’t really had the impact people were expecting. The U.S. spot ETH ETFs currently hold about $11.98 billion, which is tiny compared to Bitcoin’s $109.66 billion in ETFs. Just yesterday, $60 million left the ETH ETFs, which is the biggest outflow since mid-November. On top of that, social sentiment around Ethereum is at its lowest in a year. But here’s the thing—sometimes these kinds of lows are actually a sign that ETH could see a bounce back soon. Futures and Foundation Sell-Offs Add to the Drama Things don’t look too great in the futures market either. Ethereum futures are showing a negative premium for the first time since early November. That’s a worrying sign for many traders. Then, there was a huge sell-off yesterday, with $299 million in liquidations happening all at once. It was the biggest sell-off since December 9. Adding fuel to the fire, the Ethereum Foundation sold 100 ETH on December 17. These kinds of sell-offs near local highs have raised some serious concerns. What’s Next for Ethereum? So, what can we expect moving forward? On the bright side, ETH has bounced back by about 12% from its recent low, so there could be a short-term recovery on the way. But analysts are split. Some think that sentiment could turn positive and push ETH higher, while others are worried about issues like the high supply of ETH and the fact that many investors are leaning towards Bitcoin instead. Ethereum’s future remains uncertain, but as always, this market is full of surprises .
As the holiday season quickly nears, numerous crypto fans are searching for the ideal gift to give their loved ones—something that might offer lasting value and substantial returns. This holiday season, how about gifting cryptocurrency? With the market displaying bullish momentum, cryptocurrencies to consider buying such as Bitcoin (BTC), Minotaurus (MTAUR), Ethereum (ETH), Shiba Inu (SHIB), and XRP are poised for significant increases in 2025. Best Cryptocurrencies to Buy Right Now as Christmas Gifts for 2X Gains in 2025 Here’s a breakdown of why these five cryptocurrencies are excellent gift options to buy right now for double gains in the coming year. 1. Bitcoin (BTC): The Dominant Cryptocurrency to Buy Bitcoin persists in leading the market with its strong performance and extensive acceptance. Recently, Bitcoin price surged past $97K, trading at $98,412, after increasing in value by 1%. According to analysts, increasing market demand and institutional interest could drive BTC to new all-time highs in 2025. Bitcoin price chart Key reasons to gift Bitcoin: Investment potential: With a limited supply of 21 million and increasing recognition as a store of value, BTC represents a solid long-term investment opportunity. Market developments: The SEC’s recent approval of Bitcoin ETFs from Hashdex and Franklin Templeton , has improved investor access. Strategic suggestions: Michael Saylor’s initiative for a U.S. Strategic Bitcoin Reserve has ignited conversations about BTC’s function in national financial plans, enhancing its credibility even more. Given its price trend, Bitcoin serves as the perfect cryptocurrency to buy right now as a present for anyone wanting to gain from long-term growth. 2. Minotaurus (MTAUR): A Gaming Revolution in the Making Minotaurus (MTAUR) is an emerging token designed for advanced gaming functionalities within its ecosystem. The token’s ongoing presale offers an opportunity to for buyers who prefer early-stage cryptocurrencies , with the current price of 0.00006001 USDT . This value represents a 70% reduction from its listing price. Key highlights: Gaming ecosystem: Minotaurus supports a growing casual gaming sector, appealing to gamers and buyers alike. Incentives: Participants can enjoy referral-driven incentives and security guarantees through SolidProof and Coinsult audits. Presale benefits: The 100,000 USDT giveaway adds a layer of excitement and incentives for early adopters Minotaurus merges utility and potential growth, creating an exciting crypto Christmas gift for gamers and cryptocurrency buyers. 3. Ethereum (ETH): The Foundation of Decentralized Finance After recently witnessing massive buying from whales, Ethereum price has increased by nearly 5% to $3,462.93. With a market capitalization of $422.83 billion, its price rise indicates favorable market sentiment, as significant institutional investors such as Fidelity and Grayscale persist in acquiring ETH. Ethereum price chart Why Ethereum is a top cryptocurrency to buy right now as a crypto gift: Institutional interest: With $28 million in ETF inflows recently, Ethereum remains a favorite among large investors. Technological advances: Deutsche Bank embrace of zero-knowledge-proof technology and Mantle Network’s use of Layer 2 solutions such as Zero-Knowledge Rollups improve Ethereum’s scalability and security. DeFi expansion: Ethereum’s involvement in decentralized finance keeps increasing, reinforcing its status as a fundamental asset. The long-term potential of ETH renders it a worthwhile and useful gift for anyone keen on the future of blockchain technology. 4. XRP: Revolutionizing Cross-Border Transactions XRP, the primary token of Ripple, has been experiencing an upward trend, and is presently valued at $2.35, with a market capitalization of around $134.63 billion. Its effectiveness in international payments and recent advancements render it an attractive choice, as one of the best cryptocurrencies to buy right now. XRP price chart What makes XRP stand out: Strategic alliances: The launch of Ripple RLUSD Stablecoin , has enhanced its cross-border payment functionalities. Regulatory progress : Favorable updates in Ripple’s SEC lawsuit have enhanced investor trust. Market impact: The launch of the RLUSD stablecoin resulted in a 12% increase in XRP value showcasing robust market backing. Giving XRP as a gift this Christmas might be a wise decision, particularly for those intrigued by the convergence of blockchain technology and finance. 5. Shiba Inu (SHIB): From Meme to Utility Although Shiba Inu was launched as a mere memecoin, it has transformed into one of the best cryptocurrencies to buy right now, with a strong ecosystem. As the market recovers, SHIB rebounded by nearly 7% increase over the past day, to trade at $0.00002379. This price performance indicates increased interest by investors. Why Shiba Inu is a unique gift: Technological advancements : Shibarium, its Layer-2 blockchain, enhances interoperability and efficiency through partnerships like Chainlink. Ecosystem expansion : The integration of fully homomorphic encryption (FHE) and the development of TREAT as a utility token highlight its focus on innovation. Community support: Shiba Inu’s dedicated community and expanding DeFi initiatives position it as more than just a speculative asset. Shiba Inu provides a mix of cost-effectiveness and opportunity, making it a considerate present for both cryptocurrency beginners and experienced fans. Of course it is! And $OGAI using FHE is just ONE use case of FHE. But $TREAT actually has many more uses outside just FHE and we have many more pieces of tech too. Shall we discuss this? #36chambers $Treat #SHIBARMY #ENDGAME https://t.co/mVcRqs6ff5 — Shytoshi Kusama (@ShytoshiKusama) December 17, 2024 Final Thoughts Why Crypto Gifts Are Perfect for the Holidays Gifting cryptocurrency not only familiarizes recipients with digital assets but also enables them to possibly gain from market growth. With Bitcoin, Ethereum, XRP, Minotaurus, and Shiba Inu demonstrating best cryptocurrencies to buy right now with their bullish trends, they might become worthwhile investments by 2025. This Christmas, consider giving the gift of financial opportunity with these carefully selected cryptocurrencies. The post 5 Cryptocurrencies to Buy Right Now as Christmas Gifts for 2X Gains in 2025 appeared first on CoinGape .
Is SHIB on the verge of a pivot after the latest bearish onslaught? We explore its latest performance and a deal that could sweeten the long term outlook.
After a few consecutive days of price slumps, bitcoin’s trajectory has finally reversed as the asset popped above $99,000 earlier today. The altcoins are also in the green following the market-wide crash, with many recovering by double-digit increases on a daily scale. BTC Begins Recovery Mode The business week began in a highly positive manner for the primary cryptocurrency, as its price surged from around $101,000 to over $108,000 by Tuesday to mark its latest all-time high. While the community was expected to rise toward $110,000, especially after Wednesday’s rate cut in the US, the landscape took a sharp turn. Instead of heading further north, BTC actually started to retrace hard. It first lost the $100,000 mark, but that was just the start, as the bears kept the pressure on. The culmination came on Friday when the cryptocurrency plummeted to a three-week low of $92,000, and the conversation turned to whether this was a normal correction or the end of the bull market. So far, though, it seems to be the former. Bitcoin stopped the freefall and bounced off rather impressively. Just earlier today, its price surged past $99,000 before calming to its current level of around $98,500. Its market capitalization has recovered to $1.950 trillion, while its dominance over the alts stands at 54.6% on CG. Bitcoin/Price/Chart 21.12.2024. Source: TradingView Altcoins Finally See Green The alternative coins suffered even more than BTC during the market-wide crash, as expected. However, they have turned green now on a daily scale after the Friday massacre. ETH dumped to $3,300 but now sits close to $3,500 after a 6% daily increase. XRP is back above $2.3 after plummeting to under $2 on Friday. BNB, SOL, TRX, and HBAR have gained around 5-6% each since yesterday. More impressive price increases come from the likes of DOGE, ADA, AVAX, LINK, SHIB, TON, DOT, and many others, all of which have jumped by double digits. The total crypto market cap slumped below $3.4 trillion yesterday but has risen to over $3.550 trillion now. Cryptocurrency Market Overview. Source: QuantifyCrypto The post Bitcoin Eyes $99K as Altcoins Produce Double-Digit Gains: Recovery Weekend Watch appeared first on CryptoPotato .
Hailey Welch, known to the crypto industry as the Hawk Tuah girl has come out to address her fans after her soiled reputation related to the meme coin fallout. The message is coming after a $490 million lawsuit filed against creators of the $HAWK meme coin. Welch has said she is focused on clearing her name and rebuilding her career. The controversy resulted from the meme coin’s staggering crash, leading to a lawsuit in which plaintiffs alleged improper asset registration. At the time, Welch was involved with the token, doing a series of promotions for the $HAWK meme coin. However, the lawsuit did not include the Hawk Tuah girl as one of the defendants, listing OverHere Ltd and its founder Clinton So, Tuah The Moon Foundation, and influencer Alex Larson Schultz. Hawk Tuah girl plans to rebuild her career In the filing, the plaintiffs alleged that the defendants illegally listed the token without prior registration. This means that they knowingly put investors and the general public in harm by not vetting the token through the proper channels. However, a source close to Welch has disclosed that she is upbeat about getting her life back on track. “Hailey understands how her unexpected start in the industry comes across, but since achieving virality, she’s proven she has the star power to lead a successful career,” the source said. I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community. I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted, as well as to help uncover the… — Haliey Welch (@HalieyWelchX) December 20, 2024 In her post on X, Welch noted that she took the issues seriously, saying addressing fans and the general public is the right thing to do. “I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community,” she said. She also added that she is offering help to those affected to uncover the truth, which would help her rebuild her reputation. Welch also provided a link to a form that investors affected by the crash can fill. The link leads to the website of Burwick Law, a crypto litigator representing all the parties suing the creators of the meme coin. According to the source, Welch played a limited role in the creation and promotion of the memecoin. She was paid to endorse and speak about the token because of her social media status and persona. The crypto community reacts to Welch’s statement According to the lawsuit, the $HAWK meme coin climbed high, with its market cap hitting $490 million. However, trouble started after the token lost 90% of its total value four hours later. The plaintiffs also alleged that the group raised $2.8 million in a presale, which took its valuation to $16 million. The plaintiffs want $150,000 in damages, noting that the coin was illegally promoted with its creators making little effort to restrict its sale outside the United States. However, the crypto community did not take the statement lying down, as most people took to their handles to show how they felt. For most of them, it was a case of ‘I told you so’, after several warnings. Blockchain sleuth ZachXBT shared a screenshot where a user was warning the community about an upcoming Hawk Tuah girl meme coin. “Only if you were warned by the entire community before launching the token,” he added. Other crypto community members also showed their displeasure, especially at traders who thought it would be a good idea to purchase the token. One user mentioned that Welch deserved the same treatment as the creators, noting that she promoted it and was involved in it. He said she was just trying to distance herself because the token crashed. Although Welch has tried to distance herself from the scheme since it crashed, the community members are not convinced. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
[21 Dec 2024, Dubai] – Cluster Protocol , a forward-thinking player in the decentralized AI space, is thrilled to announce that it has successfully secured seed and strategic investment funding. Led by Pivot Ventures , with participation from Maven Capital , Mapleblock , and a host of seasoned angel investors such as Ryan Horn (Binance), Tal Cohen (Kraken), Sanders Gortjes (Hello Labs), Jeff Nowak (Maven Capital), Amit Patel (Fusion 7), Nelson Paul (Tezos), Marcello Mari (SingularityDAO), Vijay Praveen (BitsCrunch), Ashish Sood (Polytrade), Tomer Nuni (Kima Network), Vijay Garg (Mapleblock), Sundeep Krishna (Trustswap), Anshul Dhir (Pivot), and more, this funding marks an important step toward creating a more accessible, open, and collaborative AI future. Breaking Down Barriers in AI Cluster Protocol’s vision goes beyond simply building another AI platform. It’s about empowering everyone, technical or not, to participate in the evolution of AI. By streamlining the creation, training, and execution of AI agents, the platform erases complexity and gives a wider range of people the tools they need to get involved. What Makes Cluster Protocol Different? Privacy & Security First: Using advanced techniques like Fully Homomorphic Encryption and Federated Learning, Cluster Protocol protects sensitive data while still making it useful. This ensures that data privacy remains a top priority, even as the platform encourages global collaboration. Truly Decentralized AI: Instead of keeping all resources in one place, Cluster Protocol relies on a decentralized network of datasets and computational resources. This approach makes high-quality, industrial-grade compute power accessible to everyone, not just big players. Fair & Transparent Access to Compute: A unique “Proof of Aggregated Compute” mechanism keeps the system honest and efficient. This ensures GPU providers can offer their resources at competitive rates while users can trust the process every step of the way. Simple Agent Creation: With its “Cluster Agents Arena,” the platform offers a virtual sandbox where anyone can quickly build, test, and launch AI agents. This lowers the barrier to entry and helps spark creativity. A Vision for Growth and Collaboration “Our platform is designed to make building and hosting AI agents straightforward,” said Yatharth Jain ( https://x.com/depindaddy ), Co-Founder of Cluster Protocol . “We bring together compute power from all over the world at unbeatable prices, providing a foundation of integrity and openness that’s crucial for decentralized networks.” “Under the leadership of young and hardworking builders like Prateek and Yatharth, Cluster Protocol is poised to redefine decentralized AI.” said Anshul Dhir ( https://www.linkedin.com/in/anshuldhirr/ ) from Pivot Ventures. In addition to Nelson Paul ( https://www.linkedin.com/in/nelsonpaul005/ )from Tezos who quoted “ Tomorrow’s AI solutions demand a seamless, comprehensive build station and Cluster Protocol is delivering just that. By creating a Boeing-like assembly line for AI development, they’re streamlining the entire process, enabling users to effortlessly build and deploy cutting-edge AI agents. We’re excited to support them on this ambitious journey. ” With this new funding, Cluster Protocol will focus on: Attracting Top Talent: Bringing on board world-class AI researchers and blockchain engineers to refine and expand the platform. Accelerating Decentralized Solutions: Advancing decentralized AI capabilities to meet growing demand. Open-Source Evolution: Embracing open-source principles to ensure that Cluster Protocol remains flexible, community-driven, and transparent. About Cluster Protocol Think of Cluster Protocol as the glue that holds the decentralized AI ecosystem together. It helps AI developers get paid for their contributions while giving end-users a smooth, frictionless way to build the next generation of AI applications and agents. By focusing on openness, accessibility, and innovation, Cluster Protocol aims to power a future where AI is truly for everyone. For more information, please visit https://www.clusterprotocol.ai/
Crypto whales have recently intensified their buying spree, particularly focusing on JasmyCoin (JASMY), XRP, and Polygon (POL), showcasing their strategic investment moves. The recent accumulation by these major stakeholders is
Ethereum price appears stuck between critical psychological levels, with the cryptocurrency struggling to break above the $4,000 mark, according to crypto analyst Rekt Capital. Over the past month, Ether has crossed this threshold multiple times , peaking at $4,077 on Dec. 6, but it has failed to sustain momentum, data from CoinMarketCap reveals. In a Dec. 20 report, Rekt Capital stated the significance of $3,000 as a new psychological support level. This benchmark was last tested on Nov. 9, marking Ether’s lowest point since early August. As of now, Ether is trading at $3,466, with the analyst warning that its price could slide further, potentially dipping more than 10% toward the $3,000 range. Consolidation and Patterns Signal Uncertain Future Rekt Capital suggested that Ethereum might consolidate between $3,000 and $4,000 in the short term. The formation of an inverse head-and-shoulders pattern — a bullish indicator signaling potential trend reversal — could emerge if Ether stabilizes near the lower support level. “It will be worth watching whether ETH could form a bottom in and around that area,” the analyst noted. Despite this bearish outlook, other factors could bolster Ethereum’s price trajectory. Data from CryptoQuant shows that ETH balances on exchanges have dropped to an 8.5-year low, with just 9.2 million ETH remaining — a nearly 10% reduction over the past year. Reduced supply on exchanges often limits selling pressure, potentially laying the groundwork for upward price movement. Spot Ethereum ETFs Gain Traction Adding to Ethereum’s prospects, spot Ether ETFs have witnessed steady growth . Since their launch in the U.S. on July 23, these funds have attracted approximately $2.43 billion, according to Farside data. Analysts predict this upward trend will continue, particularly if regulators approve staking-related yield generation for these ETFs. Asset manager VanEck has forecasted Ether’s price could reach $6,000 by late 2025 and $20,000 by 2030 , fueled by growing ETF inflows and broader market adoption. However, initial enthusiasm surrounding spot Ether ETFs has yet to yield immediate results. Comparisons to Bitcoin’s post-ETF performance have tempered expectations of Ether surpassing its all-time high of $5,000 by year-end. As Ethereum navigates this period of consolidation, investors remain divided on its short-term outlook. The post Ethereum Struggles as Analysts Eye Key Price Trends: Details appeared first on TheCoinrise.com .