The post Dogecoin Competitor at $0.15 to Recreate DOGE’s 10000% Rally and Reach $15 in 2025 appeared first on Coinpedia Fintech News One cryptocurrency taking the cryptocurrency world by storm as it attempts to achieve Dogecoin’s remarkable 10,000% rally is Rexas F i nance (RXS). At the current price of $0.15 per RXS token, many experts believe it could skyrocket to $15 before 2025. Rexas Finance tokenizes real-world assets (RWAs) to provide an innovative solution that could realign the future of asset management and crypto. Wearing its early growth on its sleeve, the platform has disrupted and will continue to disrupt the market as it showcases its strong strategic partnerships and uniquely valuable approach. The RXS token is already garnering increasing investor interest and has great potential to be the next meme coin to see the success experienced by Dogecoin. Crypto Whales Purchased RXS Token RXS Token Expected To Break $15 by 2025 Tokenizing real-world assets such as mineral rights, oil fields, pipelines to DRs, etc, Rexas Finance stands out globally in the move towards Tokenization. Rexas Finance does this by utilizing its fundamental utility of converting tangible assets like real estate, art, commodities, or intellectual property into tradable tokens. By bringing liquidity to illiquid markets, this new asset management approach is accessible to people worldwide. The more investors realize the potential of tokenization, the higher demand is expected for the RXS token, which will heighten its price. The platform is democratizing asset ownership and is making borderless solutions possible. Rexas Finance has excellent prospects for growth due to strategic collaborations and institutional interest. Rexas Finance’s disruptive business model will interest people looking to invest in untapped markets. As it gets more adoption, the value of the RXS token is predicted to follow up, and many predict that 2025 can break $15. Consequently, now may be the perfect time to get involved before the token gets super valuable. Rexas Finance Presale Stages Sell Out Quickly The first nine stages of the presale for Rexas Finance have all sold out quickly. At $0.15 in the current presale stage, with 42.5% of total tokens allocated to public participation, RXS looks like a solid investment opportunity. In line with inclusivity and public involvement, Rexas Finance is growing a broad community of supporters. To this end, this approach has shown to be successful in generating attention for the project and investors who want to ride the ship of growth in this RXS token. To spark further interest in Rexas Finance, the team created an extremely successful giveaway campaign with a $1 million giveaway, which has been gaining traction from over 381,000 active participants. This campaign rewards the token holders, the promotional task completers, and the people that they refer. The giveaways encourage people and make them viral marketing, and the project gets awareness about itself. This has seen Rexas Finance set a community-driven momentum that can push RXS token up to its $15 target in no time. Early listings on CoinGecko and CoinMarketCap have helped strengthen Rexas Finance’s credibility. These listings provide users with a trusted place to monitor the token’s growth and performance. Above all, the platform was audited by Certik, the leader in blockchain security. The Rexas Finance audit by Certik confirms that it adheres to the strictest security standards and prevents risks while increasing investor confidence. Website: https://rexas.com Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance
XRP and the broader cryptocurrency market have moved sideways over the past few days. Despite the widespread sentiment, XRP holds key support levels, which could see it resume an uptrend. XRP was trading at $2.24 at the time of writing after a 0.6% dip in the last 24 hours. Analyst Brett on X notes that XRP’s price movements have seen the coin break out of a symmetrical triangle pattern. If the bulls continue to dominate the price movement, XRP will likely continue to soar, with the next key levels to watch being between $3.62 and $4.3 per analyst. A rally beyond this breakout point could see XRP aiming for $5.73. XRP Price Hints at a Possible Bullish Divergence XRP’s technical indicators are currently showing a bullish divergence. Amid the recent drop in price, some traders took advantage of the low prices to accumulate more. The Stochastic Relative Strength Index (RSI) line has sharply moved north and crossed above the signal line. This hints at possible gains ahead if bulls continue to overpower bears. However, the RSI is at 46, showing that sellers still have the upper hand and are inhibiting the price action. For the uptrend to resume, buying pressure needs to build up. The Awesome Oscillator also proves the bullish divergence. The AO histogram bars have flipped positive but remain in negative territory. The indicator shows that while XRP shows signs of a reversal, more buyers are needed to confirm the uptrend. Traders should also watch out for the crucial support level at $2.2 A slip below it could stir panic and cause XRP to drop lower. Data from Whale Alert shows that many XRP tokens from the Ripple ecosystem have been on the move. The transfers have stirred uncertainty, and whales are preparing to sell. Per Whale Alert, a well-known whale has just moved $11M worth of XRP to the Bitstamp exchange. Nevertheless, this bearish sentiment has not deterred institutional interest in XRP.
Nigeria’s Economic and Financial Crimes Commission (EFCC) on December 10 arrested 792 people linked to a massive crypto-romance scam operating out of Lagos. The suspects, who included 148 Chinese, 40 Filipinos, and several other foreign nationals, were caught during a surprise raid at an imposing seven-story structure known as Big Leaf in the affluent Victoria Island neighborhood. Sophisticated Scam Network Unveiled According to information shared by the agency, the operation followed intelligence reports, which indicated that Big Leaf was a hub for fraudulent activities targeting victims around the globe. Investigations revealed a highly organized network where foreign operatives collaborated with local accomplices to swindle unwitting individuals through romance and investment hoaxes. The Nigerian recruits, chosen for their proficiency with computers, were reportedly trained for at least two weeks on how to impersonate foreign women and engage victims in romantic and business conversations. They then created fake profiles on social media platforms such as WhatsApp, Instagram, and Telegram, which they used to lure targets to invest in bogus crypto schemes hosted on a platform called Yooto[.]com. The website required users to pay an activation fee starting from $35, with promises of high returns. Per investigators, after the Nigerians initiated contact with potential victims and built their confidence, they handed over communication to the foreign operatives who then executed the scams. This division of labor ensured that the local accomplices were kept in the dark about the full extent of the criminal enterprise. During their inquiries, authorities found at least 500 SIM cards and high-end computers on the premises, which were presumably used to maintain anonymity and target individuals primarily from North America and Europe. Further, they stated that the Nigerian recruits received cash payments for their part in the con, with no documentation, helping to obscure the identity of the operation’s masterminds, who remain at large. The agency is working with international partners to uncover the full extent of the scheme and any connections it may have to organized crime networks. Large-Scale Crypto Fraud Schemes Crypto scams have been on the rise recently, with a study by the Australian Cyber Security Centre (ACSC) revealing that Australians had lost nearly $270 million to fake investments. Elsewhere, South Korean law enforcement apprehended 215 people accused of perpetrating a $232 million crypto rip-off. Among those arrested was a popular YouTuber with more than 600,000 followers who allegedly ran a phony investment consulting firm pushing a purported digital asset product promising 20-fold returns. Also, in October, Hong Kong police dismantled a huge cross-border fraud operation that used deepfakes to lure men into deceptive crypto investments. Like in the Nigerian case, the Hong Kong group, consisting of at least 27 individuals, operated from a building in the city’s Hung Hom area. Upon raiding the facility, authorities recovered computers, mobile phones, and about $25,000 in suspected criminal proceeds. The post Nigeria Arrests 792 in Landmark Crypto-Romance Scam Raid appeared first on CryptoPotato .
While the cryptocurrency market is experiencing a slight recovery, developers in one altcoin have released a large amount of tokens from locked wallets. According to data, Chainlink (LINK) altcoin developers unlocked 11.25 million LINK worth $258 million hours ago and moved $243 million of them to cryptocurrency exchange Binance. The remaining assets, $14.4 million, were transferred to a multisig wallet with the address starting at 0xD50. Since August 2022, Chainlink developers have unlocked 157 million LINK, worth $1.73 billion, and transferred $1.52 billion of that directly to Binance. The average price per token transferred to Binance was measured at $11.1. LINK price is trading at $23.01 at the time of writing. Related News: Big Bull Michael Saylor Shares Draft to Spark Bitcoin Revolution in the US The Chainlink development team currently has 361.5 million LINK tokens worth $8.45 billion, which are held in 15 different key supply contracts. Currently, the total market value of Chainlink's circulating supply is at $14.67 billion. *This is not investment advice. Continue Reading: After Partial Recovery, Developers Unlock $243 Million Tokens In This Altcoin
Electric Elon Musk could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Electric Elon Musk (ELECMUSK), a new Solana memecoin that was launched today, is set to explode over 18,000% in price in the coming days. This is because ELECMUSK is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Electric Elon Musk can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Electric Elon Musk could become the next viral memecoin. Electric Elon Musk launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Electric Elon Musk on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Electric Elon Musk by entering its contract address – GLb1x7V9aav8iRjsxgG5UXdxLdk7YkrkcnKYByr542UD – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like ELECMUSK. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Ethereum has once again failed to reclaim the critical $4K resistance level, leading to a notable decline in price. However, the cryptocurrency has now reached a significant support zone, where a rebound followed by consolidation is anticipated. Technical Analysis By Shayan The Daily Chart Ethereum’s $4K price region has proven to be a critical resistance zone over the past year, consistently halting bullish advances due to strong selling pressure. Most recently, the price faced another rejection at this level, triggering a significant sell-off. This decline was further fueled by Federal Reserve Chairman Jerome Powell’s remarks, suggesting the central bank might pause its current policy of lowering key interest rates. Despite this setback, ETH has found support at the $3K level, a crucial price zone, leading to a rebound above the $3.5K threshold. Currently, the cryptocurrency is consolidating within the $3.5K–$4K range, with expectations of a potential bullish attempt to retest the $4K resistance following this consolidation phase. Source: TradingView The 4-Hour Chart On the 4-hour chart, Ethereum’s rejection at the $4K resistance triggered a sharp decline, breaking below the ascending wedge pattern—a clear indication of sellers’ dominance. This bearish momentum pushed the price lower, leading to a pullback before resuming its downtrend. At present, Ethereum is trading within a significant support zone, defined by the 0.5 ($3.2K)–0.618 ($3K) Fibonacci retracement levels. This is expected to provide stability in the short to mid-term, with the likelihood of continued consolidation and minor retracements. If this support holds, buyers may re-enter the market, setting the stage for another attempt to challenge the $4K resistance. Source: TradingView Onchain Analysis By Shayan Ethereum’s failure to reclaim the $4K threshold triggered significant liquidations in the futures market, followed by a flash crash that appears to have substantially cooled the broader sentiment. The chart illustrates the funding rates metric, a reliable indicator of futures market sentiment. While Ethereum’s aggregate funding rates saw a sharp spike last week, the rejection at $4K led to substantial liquidations, bringing funding rates back to levels conducive to a bullish trend. This cooling effect could pave the way for a more sustainable rally in the coming weeks. A similar pattern was observed in January 2024 when a sharp decline in funding rates calmed the futures market, setting the stage for Ethereum’s next major impulsive rally. This historical precedent suggests that the current market reset could mark the beginning of another bullish phase. Source: CryptoQuant The post Ethereum Price Analysis: Following a 15% Weekly Crash, What’s Next for ETH? appeared first on CryptoPotato .
Crypto analytics platform CryptoQuant has conducted a deep dive research into Binance and other centralized exchanges to uncover how susceptible they are to liquidity risks. With the crypto ecosystem trading at a very high premium, exchanges require high liquidity to meet growing demands. Of its findings, CryptoQuant singles out Binance and OKX as platforms to watch out for. What Makes Binance Stand Out from Centralized Exchanges? According to CryptoQuant, it analyzed the leverage levels of top centralized exchanges. It conducted this exercise to evaluate their liquidity, default risk and how crypto reserves backs trading activity. The analysis also employs leverage ratio calculation to estimate trader’s exposures. Based on this, the analytics firm singled out Binance as an exchange with robust reserves. The trading platform maintains this reserve despite the significant growth in open interest this year. This is signficant, considering how Binance Futures list new tokens to fuel this expansion including Solana’s Fartcoin . “Its reserves in Bitcoin, Ethereum, and USDT comfortably exceed its open interest. Binance also reported the lowest and most stable leverage ratio among major exchanges, with a ratio of 12.8 in December 2023, rising slightly to 13.5 in December 2024,” the CryptoQaunt report reads. As pointed out, this stability and the 2.6x expansion in Bitcoin open interest on the platform from $4.45 billion to $11.64 billion implies that the exchange can handle unexpected liquidations. Centralized Exchange Leverage Risk on the Midst of the Upcoming Bull Run We assess the leverage levels of various crypto exchanges to evaluate their liquidity, default risk, and the extent to which their perpetual futures trading activity is backed by their crypto reserves. Our… pic.twitter.com/NAadJSAlVT — CryptoQuant.com (@cryptoquant_com) December 21, 2024 As the report hinted, smaller exchanges like OKX also maintain low leverage ratios. Centralized Exchanges and Avoiding the FTX Saga In addition to the Binance spotlight, CryptoQuant also mentioned Gate io, Bybit, and Deribit. However, the report noted that these trading platforms have the highest leverage ratios in the market pegged at 106, 86, and 32, respectively. Notably, this figures show open interests for Bitcoin and Ethereum is higher than the existing reserves available on these centralized exchanges. The analysis concluded by flagging the impact of high leverage trading, one of the major causes of the FTX Derivatives Exchange collapse. This report serves as an eye opener that can help traders manage risk per platforms they trade on. Meanwhile, FTX is at the tail end of its bankruptcy proceedings. As Coingape reported earlier, FTX has set January 3 as the date to commence creditor repayment . The post CryptoQuant Validates Binance Liquidity Reserve Amid High Leverage Trading appeared first on CoinGape .
Bitcoin’s price shows some worrying signs suggesting that a deeper correction is bound to occur, as the price has failed to hold the $100K level. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the price has been gradually rising over the last few weeks, creating a new record high above the $100K mark. However, in the past few days, the market has failed to continue its bullish momentum, falling below $100K and even dropping to as low as $92,000. If the market fails to reclaim this area soon, a deeper correction toward the $90K level and even the $80K support zone could be expected in the short term. Source: TradingView The 4-Hour Chart Looking at the 4-hour timeframe, the price action looks a bit more tricky to anticipate. The market has been making higher highs and lows inside an ascending channel but has been rejected from the higher boundary of the channel around the $108K mark. The $100K level has consequently been broken to the downside, and the RSI is also showing values below 50%, which indicates that market momentum has shifted to bearish. Yet, the lower trendline still holds, which could lead to a quick recovery above the $100K level and a bullish continuation. However, if the pattern is broken to the downside, a drop below the $90K level could be expected. Source: TradingView On-Chain Analysis By Edris Derakhshi (TradingRage) Active Addresses (100-Day MA) Analyzing on-chain metrics can yield valuable and interesting information about the underlying market dynamics. One of these key metrics that can offer insight beyond the price action is the active addresses metric. Bitcoin’s network activity is one of the fundamental factors that can help in BTC valuation. The chart shows that the 100-day moving average of active addresses has been recovering rapidly during the recent uptrend and breakout above the $70K zone. However, it is yet to reach its all-time high, which depicts a clear divergence between price action and network activity. As a result, if network activity does not make a new record high soon and starts to fall again, a lengthy correction could occur for Bitcoin. Source: CryptoQuant The post Bitcoin Price Analysis: Is BTC In Danger of Falling to $80,000 Soon? appeared first on CryptoPotato .
GraniteShares, a fast-growing asset manager with over $10 billion, has filed for new crypto-linked exchange-traded funds. On Friday, Dec. 20, the New York-based firm filed for new leveraged ETFs to track companies like Riot Platforms, Marathon Digital, MicroStrategy and Robinhood. …
GraniteShares, a fast-growing asset manager with over $10 billion, has filed for new crypto-linked exchange-traded funds. On Friday, Dec. 20, the New York-based firm filed for new leveraged ETFs to track companies like Riot Platforms, Marathon Digital, MicroStrategy and Robinhood. GraniteShares files for new crypto-related ETFs Marathon Digital and Riot Platforms are the two biggest Bitcoin ( BTC ) mining companies. They are also the third and second-biggest Bitcoin holders, with 44,394 and 17,429 coins in their balance sheet. MicroStrategy holds the most coins at 439,000 , while Robinhood serves as a major platform for crypto and stock investments. These funds will be both 2x long and 2x short. 2x long ETFs will generate two times the daily returns of the respective stocks. For example, GraniteShares 2x Long RIOT ETF will rise by 2% when Riot Platform’s stock rises by 1%. GraniteShares with a new filing for a slew of 2x and -2x stock ETFs incl $MSTR $MARA $SQ $RIOT $HOOD pic.twitter.com/epEhWHYezs — Eric Balchunas (@EricBalchunas) December 20, 2024 These leveraged ETFs have become highly popular this year as the crypto and stock markets have soard to a record high. Investors love them because they often have strong returns when stocks are in an uptrend. The T-Rex 2x Long MSTR Daily Target fund, whose ticker is MSTU, has attracted over $1.8 billion in assets under management. Similarly, the Defiance Daily Target 2X Long MSTR ETF, with ticker symbol MSTX has accumulated $1.8 billion in assets. These funds have done better than MicroStrategy in the past three months. MicroStrategy’s stock has risen by 150%, while the MSTU and MSTX shares are up by 308% and 253% in the same period. MSTU vs MSTR vs MSTX | Source: crypto.news You might also like: 2 reasons MSTR stock fell as Bitcoin price rallied However, the risk is that their performance is usually worse than that of the underlying stock in a bear market. MicroStrategy stock dropped by 24% in the last 30 days, while the MSTU and MSTX have fallen by over 50% in the same period. The same performance has happened among other leveraged ETFs over time. For example, the ProShares UltraPro QQQ ETF, which generates 3x returns of the Nasdaq 100 index, dropped by 79% in 2022 as the underlying asset fell by 32%. It closed Friday at $30.75, down 2.54%. Other companies have launched other types of cryptocurrency-focused ETFs. In addition to leveraged funds, YieldMax has launched covered call ETFs on several crypto companies. It launched the Coin Option Income, MARA Option Income, and MSTR Option Income ETFs. These ETFs use the covered call options strategies to provide monthly income to their investors. In a covered call option, the fund invests in the stocks, sells call options, and receives premiums, which it distributes to investors monthly. Read more: Shiba Inu, Bonk, Pepe prices rebound: Beware of dead cat bounce