One closely watched cryptocurrency strategist believes that XRP is poised to continue its strong run after a strong performance last month. Household analyst Credible told his 446,700 followers on social media platform X that he is closely watching the XRP on Ethereum pair (XRP/ETH). According to the analyst, his initial target for XRP/ETH will push XRP/USD into price territory last seen in January 2018, when the altcoin reached an all-time high. “There is still 98% more upside left for ETH before the first major target is achieved for the XRP/ETH pairing. At the current price of ETH ($4,000), XRP is…
Author: Crypto Flexs
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Denpasar, Bali / Indonesia, December 9, 2024, Chainwire Mandala Chain, an L1 dedicated to connecting governments, enterprises, and retail in emerging markets, announced that it has successfully closed its pre-seed funding round, raising $1 million. The round was led by Harbor Industrial Capital, with additional participation from O-DE Capital, NLS Ventures, and strategic Polkadot ecosystem partners. This milestone is a pivotal step in Mandala Chain’s journey to onboard the next 100 million users to Web3, with a focus on innovative blockchain infrastructure and solving real-world challenges in emerging markets. “We are deeply grateful for the trust our investors have shown…
jack anderson December 9, 2024 14:33 AMD introduces the Nitro Diffusion model, which showcases advanced, highly efficient AI image generation capabilities. This model leverages the AMD Instinct MI250 accelerator for training and edge deployment. Taking a huge step forward in artificial intelligence, AMD has launched its Nitro Diffusion model, designed to revolutionize image creation and visual content creation. According to AMD, this model demonstrates advancements in AI technology that promise high-quality and versatile image output. A revolution in image creation The area of generative AI has experienced revolutionary changes, with diffusion models emerging as…
This article is also available in Spanish. Ethereum price corrected gains at the $4,080 resistance zone. ETH is currently trading below $4,000 and showing signs of weakness. Ethereum began a downward correction from a high of $4,093. The price is trading above $3,920 and the 100-hour simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), a break has occurred below a key bullish trendline with support at $3,965. If it stays above the $3,840 support zone, it could start a new rally. Ethereum price corrects some gains. Ethereum price remained above the $3,750 support zone. ETH…
The price of XRP (XRP) has fallen significantly over the past seven days, reaching a low of $2.16 on December 5. The price of XRP has fallen 16% from a multi-year high of around $2.90 to the current $2.39.XRP/USD daily chart. Source: Cointelegraph/TradingViewDespite the decline, there are three key data points supporting XRP’s upward trend: whale accumulation, increased network activity, and a strong market setup.Whale Accumulation Supports XRP RiseIn response to last week’s market correction, XRP whales took advantage of the drop to $2.16 and bought more tokens on the decline. According to data from Santiment, the number of tokens…
Kaspa’s breakout from the expanding wedge shows the potential for further upward momentum towards $0.21. Bullish technical indicators and market sentiment point to continued price growth through 2025. Caspar (KAS) has been showing promising price action recently, breaking out of an expanding wedge pattern and gaining attention in the cryptocurrency market. Priced at $0.1827 at press time, up 0.24% over the past 24 hours, the coin has caught the attention of traders as it approaches the key resistance level of $0.19. The important question now is whether KAS can maintain this momentum and surpass its all-time high of $0.21. This…
Binance has unveiled Binance Wallet, a new version of its exchange wallet. The new wallet features upgraded features including an integrated wallet, revamped airdrop zone, and new interface. In a notice posted on December 9, Binance renamed the existing Binance Web3 Wallet to Binance Wallet. This is a new upgraded version that promises to make your web3 experience even smoother through a series of new updates that will be rolled out in multiple stages. This batch of upgrades highlights a “seamless” theme designed to make the platform easier to navigate with features that enhance asset management, streamline airdrop access, and…
Rebecca Moen December 9, 2024 11:36 Immutable (IMX) introduces a persistent rewards system called Gems that aims to improve player engagement in Web3 games through ongoing rewards and evolving quests. Immutable (IMX), a leader in Web3 gaming, is revolutionizing the way gamers engage with its platform with the introduction of a new rewards system called Gems. Launched as part of The Main Quest, this initiative represents one of the largest gaming rewards programs to date. According to immutable.com, MainQuest aims to build a sustainable and attractive rewards model for Web3 games, allowing developers to…
Popular memecoin Pepe (PEPE) overtook Uniswap’s token (UNI) by market capitalization on December 7. The frog-themed memecoin has set a new record, with a market capitalization of over $11 billion compared to UNI’s current market capitalization of about $10.6 billion. – The process took a lot of time.According to data from CoinMarketCap, Pepe is up about 16.8% in the last 24 hours and about 26% over the past 7 days.At the start of 2024, Pepe’s market capitalization was approximately $591 million. The popular memecoin briefly surpassed $11 billion in market capitalization on December 5 and is currently hovering near that…
Key Takeaways Amazon shareholders are calling for the company to allocate at least 5% of its assets to Bitcoin. The proposal notes that Bitcoin has performed better than other assets such as corporate bonds in recent years. Share this article A group of Amazon shareholders is pushing for the company to allocate at least 5% of its assets to Bitcoin through a proposal submitted by the National Center for Public Policy Research (NCPPR), a think tank that advocates free market principles. Source: @TimKotzmanThis proposal, shared by Tim Kotzman, recommends adding Bitcoin to Amazon’s treasury as a hedge against inflation and…