The price of XRP has risen more than 300% in the past two months and was trading at $2.10 on December 27. Nonetheless, there are warning signs that XRP/USD could erase at least 25% of these gains in the near term. XRP/USD daily price chart. Source: TradingViewXRP is close to a descending triangle collapse.The latest losses in XRP (XRP) come as the price is trading within a bearish triangle pattern. This is a bearish structure that usually indicates further decline. This pattern is defined by a series of lower highs forming a triangular descending trendline, with the $2.10 level acting…
Author: Crypto Flexs
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December 27, 2024, California, USA, Chainwire Pepeto’s social media presence reaches a new milestone With a combined social media following of over 45,800 across multiple platforms, Pepeto the Frog God stands out in the memecoin space. Across X (formerly Twitter), Instagram, YouTube, Telegram, and TikTok, Pepeto has grown a vibrant and engaged community. Boasting 1.61 million YouTube subscribers, 9,310 Pepeto launches Christmas marketing campaign with rewards and surprises in 2025 Pepeto officially announced its latest marketing campaign across its social media channels, spreading some festive cheer with a special holiday message wishing the community a Merry Christmas. Campaign released with…
It is reported that a significant portion of the Korean population is investing in cryptocurrency. Yonhap News reported that the number of cryptocurrency holders on Korean exchanges exceeded 15.59 million in November, up 610,000 from 14.98 million in October, citing new central bank data provided by the office of Democratic Party lawmaker Lim Gwang-hyun. The figure based on the number of investors holding accounts in Korea’s five major exchanges, including Upbit, Bithumb, Coinone, Korbit, and Gopax, accounts for more than 30% of the approximately 51.23 million people residing in East Asian countries. . The report said the number of cryptocurrency…
Key Takeaways Strive’s ETFs provide exposure to Bitcoin primarily through “Bitcoin Bonds,” MicroStrategy convertible securities and derivatives. The ETF seeks to participate in the institutionalization of Bitcoin. Share this article Strive Asset Management plans to launch a new ETF that will provide exposure to Bitcoin through convertible notes, focusing primarily on MicroStrategy’s holdings.The Strive Bitcoin Bond ETF invests at least 80% of its assets in “Bitcoin bonds” and related derivatives, including swaps and options.The actively managed fund makes allocation decisions based on costs and return potential and will have direct positions in both Bitcoin-linked convertibles and derivatives.The fund maintains cash…
Bitcoin fell 15% in the week after hitting an all-time high of about $108,365, according to data from Bitstamp. The cryptocurrency may fall further in the coming weeks as Tether’s market dominance rapidly recovers.USDT.D vs BTC/USD weekly performance chart. Source: TradingViewTether’s dominance signals a “massive dump” in Bitcoin marketsAccording to TradingView contributor The ForexX Mindset, Bitcoin (BTC) price could witness a “massive dump” due to its negative correlation with the USDT Dominance Index (USDT.D), which measures Tether’s (USDT) share of all cryptocurrencies. there is. market.In particular, the USDT.D indicator shows signs of a significant rebound after reaching support levels last…
On-chain metrics show that the number of active addresses is decreasing and open interest has recently decreased. Technical indicators suggest that NEAR’s recent downtrend is losing steam. NEAR is one of the worst-performing tokens on the market recently, down 16.44% over the past month and down 6.57% over the last 24 hours. This is a sign of a bearish trajectory. However, despite this negative sentiment, market analysis suggests that the bearish momentum may be easing somewhat. This cooling off period could set the stage for a significant price rebound, potentially offsetting recent losses. NEAR declines due to lack of interest…
Mexicothe world’s leading cryptocurrency trading platform, has officially launched Meme+ Zone on its app. Introduction to MEXC Meme+ Zone The MEXC Meme+ zone focuses on popular on-chain projects, combining the advantages of spot and on-chain transactions. The platform adopts an order book model to ensure strong token liquidity, significantly reduce slippage and enable faster and more efficient trading. At Meme+ Zone, users can seamlessly trade high-potential, early-stage memecoins without the need for Web3 wallets, private keys, or seed phrases. By introducing this new feature, MEXC aims to provide users with a specialized trading area, providing access to a wider range…
The Frax Finance community vote has begun to adopt BlackRock’s USD Institutional Digital Liquidity Fund (USD BUIDL) as a reserve asset for the proposed stablecoin Frax USD (frxUSD).A vote of decentralized finance (DeFi) lending protocol token holders (FXS), launched on December 26, has so far all been in favor of the proposal. All comments in the discussion are in favor. Voting runs until January 1, 2025.source: Frax FinanceAccording to a voting summary, passing the proposal for Frax USD could provide benefits including yield opportunities, deeper liquidity, transfer options and reduced counterparty risk due to BlackRock’s support.In a December 22 discussion…
The cryptocurrency landscape is changing rapidly, and one of the most significant recent developments is Russia’s push to integrate Bitcoin into international payment systems. The move has sparked widespread discussion about its implications for global finance. But the important question for investors and cryptocurrency enthusiasts is how these changes can create opportunities for growth, returns, and innovation.In this article, we explore the potential impact of Bitcoin adoption in Russia and how you can take advantage of this transformative moment. Whether you are a trader, investor, or entrepreneur, understanding these changes can set you up for long-term success.How Russia’s Bitcoin Strategy…
The team behind dog-themed meme asset Floki (FLOKI) has announced plans to launch a new exchange-traded product (ETP). In a new thread on social media platform “We have been actively working with respected asset managers and ETP issuers to launch the Floki ETP for quite some time. After months of due diligence and hard work, we have heard that Floki ETP is scheduled to launch in early Q1 2025. This proposal would allow the Floki DAO (Decentralized Autonomous Organization) to accept liquidity for Floki ETPs! ” ETPs allow investors to gain exposure to a specific asset without having to actually…