Charles Hoskinson, the founder of Cardano , has openly criticized the governance structure of the Cardano Foundation, arguing it does not adequately involve the community. He is pushing for a significant change to a membership-based organization (MBO) to address ongoing challenges within the ecosystem. Hoskinson’s main issue with the foundation is its non-membership governance model , which he claims undermines community participation and oversight. This lack of community involvement, according to him, has created tensions and hindered the blockchain's growth. On December 28, he reiterated these concerns, suggesting an MBO would give users more control over decision-making and solve long-standing issues like social coordination, advocacy for developers, liquidity , and exchange listings. He believes a transition to an MBO would bring practical benefits, such as better oversight of payments and creating a unified entity for development contracts. “The organization should be an MBO. It would solve so many issues people have been complaining about for years,” Hoskinson stated. Earlier this month, he also urged the foundation to move to a jurisdiction where community members could elect its board, opposing the current model in which the Swiss government appoints board members, excluding the Cardano community. Hoskinson’s frustrations extend to resource management. He has highlighted Intersect, a community-led initiative, as a promising alternative but noted its limited funding and reliance on volunteers . Unlike the foundation, which has significant resources, Intersect faces an uphill battle to meet community expectations. Additionally, Hoskinson criticized the foundation for launching Pragma, another entity, instead of supporting Intersect or other community initiatives. He emphasized that the foundation should prioritize empowering existing community-led projects rather than creating competing organizations. This dispute adds to a series of disagreements between Hoskinson and the foundation, including budget allocation and differing opinions on the newly proposed Cardano constitution. While the foundation has expressed support for the constitution, it has hesitated to approve budgets, citing a need for detailed reviews. Hoskinson remains firm that an MBO is essential for the ecosystem's long-term success . He stated that if the foundation cannot adopt this model, it should at least refrain from obstructing community-driven efforts to create one. “If they don’t want to do that, then at least don’t get in the way of Intersect and the budget for the community to build one themselves,” he concluded.
Former NBA superstar Scottie Pippen has stirred discussion in the crypto community by predicting that Bitcoin could eventually reach $1 million. Despite his unconventional background, Pippen has recently demonstrated an
The post XRP Price Poised for 100x Rally: Peter Brandt Highlights Bullish Wedge Pattern appeared first on Coinpedia Fintech News Veteran trader Peter Brandt, in a recent X post has shared two charts that may hint at XRP’s next potential moves. Notably, Brandt shared a weekly chart that shows a bullish wedge pattern. If validated, the pattern will show price growth into 2025. However, the daily chart suggests a correction from the local top level of $2.728000. Here are two views of $XRPUSD a weekly chart and a daily chart Strong opinions, weakly held A chart is not an opinion and an opinion is not necessarily a position – this is a concept hard to understand by rookies pic.twitter.com/SvaT5hojLW — Peter Brandt (@PeterLBrandt) December 27, 2024 Previously, Peter Brandt had shared that the XRP/USD pair currently seems to be forming a Half Mast Flag. If this pattern completes, Brandt had suggested that the “distance to upside should equal advance into tip of flag.” He noted that that the potential upside could match the previous advance into the tip of the flag, as is typical for this formation. While it often signals a significant price move after a drop, it does not always ensure upward momentum. Credible Crypto’s Bullish Insights Recently, Credible Crypto, a crypto analyst and trader in a latest Youtube video shared that XRP has one of the most bullish market structures in crypto based on the charts. XRP is one of the few coins right now that is printing a very clear bullish impulsive structure on lower time frames, on higher time frames, on every time frame. And very easily cleanly identifiable,” he noted. “That’s kind of what we’re seeing here on XRP – is that very clean price action that shows impulsive price movement,” he added further. The analyst regularly applies the Elliott Wave theory in his technical analysis, and has noted that XRP could explode by up to 1,295% from the current level. Notably, in technical analysis, the Elliott Wave theory suggests that a bullish asset witnesses a five-wave rally before a correction occurs in a three-wave pattern. Credible believes that XRP is preparing for an upward impulse, potentially reaching $4+ and new all-time highs. He suggests this could be part of a larger third-wave move that may ultimately push XRP to $5+. As the final fifth wave progresses, Credible anticipates XRP could reach a blow-off top of $20 to $30. XRP To Hit Double Digits? “By the time we’re gearing up for this final fifth wave, I would imagine that we would have hit double digits at that point. And this fifth wave will take us to the blow-off top or the final top of $20 to $30,” he noted. Notably, XRP witnessed a notable rally in December as it reached a peak of $2.72 on December 3. However, the XRP price has declined steadily due to increased volatility this holiday season. While a brief rally followed the launch of Ripple’s RLUSD stablecoin but it was not enough to take XRP to newer heights. XRP is currently 36.3% below its all-time high from early 2018, failing to set a new record in December despite earlier momentum. Nevertheless, the fully diluted valuation (FDV) has climbed to $216.24 billion, reinforcing confidence in XRP’s long-term potential.
El Salvador Joins the 6,000 BTC Club El Salvador continues to make giant leaps into the country’s Bitcoin investment strategy, joining the league of countries holding over 6,000 Bitcoins. The Latin American nation’s buy of an additional 1 BTC on Dec. 29, its total reserves have risen to 6,000.77 BTC, worth $569.3 million. Its listing now joins the roster of top Bitcoin-holding countries such as the United States, China, the United Kingdom, Ukraine, and Bhutan. Great Returns on Investment El Salvador’s Bitcoin journey began in September 2021, when it became the first country to adopt BTC as legal tender. Its first purchase of 200 BTC at the time set the stage for a series of consistent investments under President Nayib Bukele’s administration. To date, the country has seen an impressive 108.02% return on its Bitcoin holdings, with an average acquisition cost of $45,450 per BTC. IMF Deal Spurs Faster Buying If the continued tension with the International Monetary Fund over its Bitcoin policies is any indication, it would appear that El Salvador has continued to double down on its crypto strategy. A $1.4 billion financing agreement with the IMF didn’t stop the country from buying $1 million worth of BTC on one day. The government could accelerate its rate of Bitcoin purchases going forward. Chivo Wallet to Be Retired El Salvador’s Chivo wallet, launched as a government-backed cryptocurrency wallet, is reportedly going to be either sold or phased out, said Herbert. Private sector wallets are expected to fill the gap, which will continue to provide support for BTC transactions in the country. Challenges Ahead and Opportunities While important, the IMF deal is not final and marks the end of four years of hard-won negotiations. The IMF has cautioned that Bitcoin is a risk to El Salvador’s financial stability and has leaned on the country to scale back its crypto ambitions. But El Salvador remains all-in on its BTC game, believing the cryptocurrency a core asset in its future finances. With its new BTC milestone, El Salvador cements its position as a world leader in cryptocurrency adoption, powering through the opportunities and challenges toward its vision of a Bitcoin-centered economic strategy.
The post XRP News: Open Interest Drops $1B as Price Struggles to Break Resistance appeared first on Coinpedia Fintech News XRP has been consolidating under key resistance for over a month. This has left investors frustrated as the altcoin struggles to gain upward momentum. This extended inactivity has taken a toll on traders’ confidence, with many stepping back as the altcoin has failed to display significant price growth. XRP Open Interest Drops By $1B Recently, the Open Interest in XRP Futures dropped by a massive $1 billion in the past 24 hours. Just a day before, the Open Interest had surged to $2.9 billion over expectations of a rally. However, as the expectations of an imminent rally faded away, traders began withdrawing their funds. This sudden withdrawal reflects the growing bearish sentiment among the XRP enthusiasts. Also, the declining Open Interest depicts the growing uncertainty over XRP’s ability to break through its current resistance levels. Adding to these concerns, is XRP’s macro momentum as well which is showing signs of weakness. XRP To Remain Stagnant? The Price DAA Divergence is currently flashing a sell signal, indicating declining participation and stagnant price movements. This bearish indicator suggests that traders may begin to secure profits, which could lead to further drawdown in the price. The reduced participation from the investors could hold obstruct the altcoin’s recovery, keeping it stuck in a consolidation phase until stronger market signals emerge. While XRP’s price has dropped by 20% over the past month, but it has managed to hold above the $2.00 support level. However, it still remains under the crucial resistance level of $2.73. XRP could continue declining and could risk losing its $2.00 support level if the bearish factors continue to exist. This could further weaken investor confidence and add to the selling pressure aggravting the situation. Analysts Bullish On XRP On the contrary, if the broader market conditions appear bullish, XRP could breach the $2.73 resistance and aim for its all-time high of $3.31. Analysts are bullish on XRP’s future as recently, analyst Dark Defender took to X to share that XRP is currently in a correction phase, similar to a 4-hour time frame, which is expected to complete within ±10 days on the daily chart. He noted that a bull flag pattern was identified on the weekly chart in early December, with a target of $8.67. However, the analyst notes that before reaching this target, XRP must complete its correction. He quotes the support levels to be $2.03, $2.11, $2.13, and $2.17, while resistance levels are $2.22, $2.42, and $2.69. The analyst believes that XRP is expected to continue targets very soon after completing the correction. Crypto analyst Egrag has forecasted that May 5th could be a crucial date for XRP, expressing a bullish outlook with a target of $15 for XRP by May 5th, 2025.
According to the latest data from Woocharts, the Bitcoin mining industry has made significant strides in sustainability and now derives 56.76% of its energy from clean or renewable sources. This shows a steady increase in sustainable energy adoption since April 2021. Woocharts calculates this metric using the Cambridge Center for Alternative Finance's definition of sustainability and takes into account energy sources such as wind, solar, hydro, and nuclear power. Exceeding 50% clean energy usage is a milestone. Tesla, which has 11,509 BTC as of the third quarter of 2024, first adopted Bitcoin as a payment method after purchasing $1.5 billion worth of the cryptocurrency in 2021. However, the company later suspended Bitcoin payments, citing concerns about the cryptocurrency’s high energy consumption. Related News: Former CFTC Chairman Chris Giancarlo Speaks About Bitcoin and Ethereum Tesla CEO Elon Musk has stated that the company will reconsider Bitcoin payments if mining operations reach around 50% clean energy usage: “Tesla only sold ~10% of assets to confirm that BTC can be easily liquidated without moving the market. Once the future positive trend of reasonable (~50%) clean energy usage by miners is confirmed, Tesla will continue to allow Bitcoin transactions.” Now all eyes are on Elon Musk's announcement of whether his company will accept Bitcoin. *This is not investment advice. Continue Reading: Anticipated Development in Bitcoin Happened: Now Looking Ahead to Elon Musk’s Potential Announcement
Shiba Inu (SHIB) is navigating a challenging market landscape, with potential support at a crucial price level that could influence its future direction. Currently trading at $0.00002236, SHIB’s movement is
Three top altcoins—Toncoin (TON), Sui (SUI), and Remittix (RTX) —are poised to break into the sought-after top 10 most profitable tokens for this bull run. From Toncoin’s resilience amid bearish momentum to Sui’s remarkable recent growth and innovative ideas of Remittix in the $190 trillion cross-border payments industry, each of these initiatives is creating waves. Which of these top crypto coins, though, is most likely to see an exponential increase in 2025? Promising technical signs, positive community attitude, and game-changing ideas all point to large possible rewards. Read on to learn why these top crypto coins might be the next big thing and what distinguishes every one of them from the others. Toncoin (TON): A Strong Contender Among Top Altcoins for 2025 Though it has been consolidating between $5.14 and $6.14, the Toncoin price has demonstrated a clear rise over the past week of more than 7%. This Toncoin price movement points to a time of stability within the oscillations of the larger market. On a monthly analysis of the Toncoin price chart, nevertheless, a bearish trend shows as the value of the altcoin dropped by more than 10% last month. Notwithstanding these swings, the Toncoin community’s general attitude is still quite positive since many investors see great future possibilities for the altcoin. Renowned analyst Ali has underlined that Toncoin could be about to have a notable comeback given the present funding rates, hence it is one of the promising altcoins to watch. The Toncoin price chart technically is giving conflicting indications. TradingView reports that although the Momentum Oscillator suggests a cautious view with sale indications, both the MACD and Moving Averages point to purchase signals . For investors seeking long-term gains, Toncoin is still among the top altcoins to hold even if it is about 30% away from its all-time high (ATH) of $8.24. Bullish Sentiment Builds For Sui (SUI) Amid Consolidation The Sui price had a notable drop of more than 9% over the past week, having shown notable consolidation between $4.94 and $4.05. After the Sui coin hit a new all-time high (ATH) on December 16, 2024, investor attention stayed strong despite this brief retreat. But as bearish market pressure has pulled down the Sui price from that top by almost 16%, some holders are already buying the dips. Meanwhile, the Sui price chart for the past month presents a far more optimistic picture with a strong trend with an amazing 20% growth in value. Notwithstanding these swings, the general attitude of the community about the Sui coin is still very bullish. Technically, the Sui price chart is pointing to possible investing prospects. Both the Momentum Oscillator and Moving Averages show purchase signs , implying further rallies for the altcoin. With its recent performance and bullish sentiment, Sui is fast rising among the promising altcoins to watch. Analyst Mags has also shown optimism, saying SUI might rally to a minimum of $40 in this cycle. Remittix (RTX) Is Enhancing Cross-Border Payments By deftly combining cryptocurrencies with conventional currency systems, Remittix is transforming the way people and companies engage with worldwide payments. Providing a quick, safe, and straightforward solution, Remittix lets customers send and get money straight to bank accounts using over thirty recognized currencies. Remittix offers unmatched openness in cross-border transactions by using a flat price structure that removes hidden fees including wire charges and foreign exchange costs. Whether for personal or business use, the platform provides same-day processing using local payment networks, therefore ensuring that receivers get the precise amount sent without delay or unanticipated expenses. This creative solution provides unequalled efficiency and convenience, therefore changing our perspective on global transfers. Remittix’s innovative ecosystem revolves around its native token, RTX, which is presently in presale and sells for just $0.0163. Remittix is positioned to profit from the expanding industry as worldwide demand for flawless, cross-border payment solutions rises; so, the RTX token has great potential investment value. Analysts predict a stunning 500% rise in value before the presale ends, hence right now is the ideal moment for investors to join the presale. Remittix is positioned to lead the fast-growing PayFi market with its emphasis on enhancing the speed and simplicity of international transactions, making it the best crypto investment of the year. Remittix (RTX) Is Set To Outpace Toncoin (TON) and Sui (SUI) Although Toncoin (TON) and Sui (SUI) have great promise in 2025, Remittix (RTX) is the best crypto investment choice for smart investors wishing to profit in the direction of cross-border transactions. Remittix is prepared to transform the way the world manages worldwide transactions by deftly combining cryptocurrencies with conventional financial institutions. Moreover, the ongoing presale provides RTX tokens at just $0.0163. Remittix is positioned to dominate the PayFi market and is predicted to generate a 500% return on investment before the presale finishes as worldwide demand for quick, low-cost, open payment solutions increases. RTX is the best coin to buy now as the limited token supply is already selling out quickly. Join the Remittix (RTX) presale and community: Join Remittix (RTX) Presale Join the Remittix (RTX) Community Continue Reading: Top Altcoin Contenders To Break Into The Crypto Top 10: Toncoin, Remittix and Sui
Shiba Inu might see long-awaited recovery after this support gets activated