XRP (XRP) price printed a bullish flag on the daily chart, a technical chart pattern associated with strong upward momentum. Could this bullish setup and surging open interest signal the start of a second leg of XRP rising into double-digit territory?XRP price rises due to increased IOThe price of XRP has risen 15% over the past seven days, following several weeks of consolidation following the altcoin’s rise towards $3.00 in early December. The XRP/USD pair is up 1.5% from its intraday high of $2.44 on January 6, according to data from Cointelegraph Markets Pro and TradingView. XRP’s upside potential is…
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XRP (XRP) price printed a bullish flag on the daily chart, a technical chart pattern associated with strong upward momentum. Could this bullish setup and surging open interest signal the start of a second leg of XRP rising into double-digit territory?XRP price rises due to increased IOThe price of XRP has risen 15% over the past seven days, following several weeks of consolidation following the altcoin’s rise towards $3.00 in early December. The XRP/USD pair is up 1.5% from its intraday high of $2.44 on January 6, according to data from Cointelegraph Markets Pro and TradingView. XRP’s upside potential is…
A critical support level was identified at $1.88, which coincides with the 78.6% Fibonacci retracement level. External factors, including increased adoption of liquid staking and the Ethereum staking mechanism, could further fuel LDO’s upward trajectory. The recent price action of Lido DAO (LDO) has sparked interest within the cryptocurrency trading community as the token has shown significant potential for upward momentum. LDO’s current trajectory, emerging from a falling wedge pattern, indicated a bullish breakout opportunity reinforced by important support and resistance levels. falling wedge pattern The descending wedge pattern on the LDO weekly chart suggested a bullish reversal. Defined as…
lawrence jenga January 6, 2025 07:01 Matrixport is launching the MP Perps Trading Competition from January 6 to February 6, 2025, featuring a $40,000 USDT prize pool and additional rewards such as iPhone 16 and PlayStation 5. Matrixport, Asia’s prominent cryptocurrency financial services platform, announced the launch of the Matrixport Perpetual (MP Perps) trading competition. The competition started on January 6, 2025 and will run until February 6, 2025, with a total prize pool exceeding 40,000 USDT. According to Matrixport, event participants can receive various rewards, including expensive items such as iPhone 16 and…
Follow Nikolaus On 𝕏 Check out our daily posts here Last night, President-elect Donald Trump’s son, Eric Trump, posted a photo of himself at Mar-a-Lago with MicroStrategy Chairman Michael Saylor with the caption, “Two friends, one passion: Bitcoin.”This is incredibly optimistic. Let me explain. Over the past four years, under the Biden-Harris administration, which has been completely dominated by Democrats, the U.S. government has done its best to terrorize this industry and attack us. The overwhelming majority of Democrats have not supported Bitcoin and have followed Elizabeth Warren’s lead in seeking to demonize the industry and its participants. They have…
The cryptocurrency community is expecting a strong 2025 following Donald Trump’s return to the Oval Office, but a Trump-led rally could face obstacles, according to a new report. As 2025 begins, the cryptocurrency trading environment is showing mixed trends following the December FOMC meeting and the festive holiday season. Bitcoin Rally Risks Losing Momentum Despite Trump’s Endorsement According to 10x Research, the first quarter of 2025 may not witness the same level of momentum seen in late January to March or late September to mid-December 2024. The release of Consumer Price Index (CPI) data on January 15th is a key…
Within a week of the start of 2025, police authorities in various jurisdictions have independently arrested fraudsters carrying out various cryptocurrency-related schemes, targeting hundreds of potential victims.On January 5, Vietnamese police arrested four people involved in a cryptocurrency mining scam that stole 4 billion Vietnamese dong ($157,300) from more than 200 victims, according to VnExpress newspaper.The suspects, led by Tran Minh Quang, are said to have developed a fraudulent cryptocurrency mining website called BitMiner, registered on a Singapore domain. The group advertised itself as a Dubai-based cryptocurrency mining company and offered unrealistic returns on investments.Tran Minh Quang (left) was arrested…
This week, two of the most influential voices in technology offered contrasting visions for the development of artificial intelligence, highlighting the growing tension between innovation and safety.CEO Sam Altman said Sunday evening: blog post OpenAI describes his company’s trajectory as it races towards artificial intelligence (AGI), tripling its user base to over 300 million weekly active users.“We are now confident that we know how to build AGI as it has been traditionally understood,” Altman said, asserting that by 2025, AI agents could “join the workforce” and “substantially transform the performance of companies.” I did it.Altman said OpenAI is moving beyond…
Caroline Bishop January 6, 2025 07:34 Injective (INJ) and SVM Sonic have teamed up to introduce Smart Agent Hub, enabling cross-chain AI applications and cryptocurrency connectivity between Solana and Injective. Developers will soon have the opportunity to deploy Solana-powered AI agent applications on the Injective (INJ) blockchain thanks to a new cross-chain initiative. Layer-1 blockchain protocol Injective is collaborating with Solana Virtual Machine (SVM) blockchain Sonic to launch Smart Agent Hub, a platform designed to integrate AI agents into the decentralized Injective ecosystem, according to Injective’s blog. The hub starts in Solana Smart Agent…
A cryptocurrency strategist and trader is offering his predictions for the digital asset market for the first few months of the year, including his first quarter outlook for Ethereum (ETH). The analyst, who goes by the pseudonym Inmortal, told his 222,400 followers on social media platform X that he believes Ethereum is poised for a rebound this quarter. Traders believe that ETH will soon follow in the footsteps of Q1 2024 price action. “ETH will have a good first quarter.”’ Source: Immortal/X Looking at the trader’s chart, he seems to be predicting that ETH will hit an all-time high of…