TL:DR; Several altcoins have popped up in the past few weeks to register massive double- and even triple-digit gains at some point. Will PEPE be the next in line? Some whale activity suggests so. Alts’ Rally The current crypto environment screams altseason . It all started after Donald Trump’s decisive victory in the US presidential elections when DOGE, alongside BTC, skyrocketed to new multi-year peaks, perhaps due to the asset’s affiliation with Elon Musk. Since then, bitcoin has stalled and is in consolidation mode, while DOGE has calmed . However, numerous other altcoins have started to pop up frequently. XRP was at the forefront of these rallies , surging by more than 420% within a month, charting a 7-year high, and becoming the third-largest cryptocurrency by market cap. The past 24 hours have seen the rise of two other bright stars – Tron and Binance Coin. Both have blasted through their previous ATHs, especially the former. TRX shot up by more than 70% and jumped above $0.43 to mark a fresh peak. Other noteworthy contenders include XLM, HBAR, DOT, and AVAX. Now, the community has started to speculate on which altcoin will be next. Is PEPE Next? The third-largest meme coin also soared in value after Trump’s win and marked a new all-time high on November 14 at $0.00002457 (CoinGecko data). This came after numerous listings on large exchanges and a growing hype within the community. Similar to DOGE, though, it retraced in the following weeks and now sits below $0.000021 – or 15% away from its peak from last month. It has remained somewhat on the sidelines, with the focus going on many of the aforementioned assets. However, it seems certain large investors, known as whales, are turning their attention back to it, which could suggest a further rally. Data from Lookonchain shows that a single whale had accumulated and withdrawn nearly $7 million worth of PEPE in the past 20 days. Such large purchases and withdrawals often precede price increases due to the declining available supply and immediate sell pressure. Whales continue to accumulate $PEPE ! A whale has withdrawn 337.09B $PEPE ($6.92M) from #Binance in the past 20 days. https://t.co/65vbIQd2dd pic.twitter.com/79NauAQt8V — Lookonchain (@lookonchain) December 4, 2024 The post After XRP and TRX, Is PEPE The Next Altcoin to Explode in Price? appeared first on CryptoPotato .
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Trump Nominates Crypto-Friendly Paul Atkins as New SEC Chair
According to multiple media reports, president-elect Donald Trump plans to nominate pro-crypto Paul Atkins to serve as the new chair of the U.S. Se... Crypto Potato
Grayscale Predicts Crypto Bull Market to Continue Strong Into 2025
Grayscale: Crypto Bull Market Likely to Extend Into 2025 In its latest monthly report, Grayscale Investments , the world’s largest cryptocurrency asset manager, has forecasted that the ongoing crypto bull market is expected to persist well into 2025 . The firm highlighted evolving market structures, improved investor accessibility, and the prospect of clearer regulations as the primary factors fueling this extended rally. Grayscale’s analysis reflects growing optimism across the industry, suggesting that 2025 could rival or even surpass 2024 in terms of growth and adoption. Key Insights from Grayscale’s Report 1. Continued Bull Market Momentum Grayscale noted that November 2024 was a standout month, with cryptocurrency prices experiencing a sharp rise. This momentum, according to the report, is likely to extend into 2025. 2. Evolving Market Structures The report emphasized how the cryptocurrency market structure is maturing: Increased Accessibility: More platforms now enable seamless investment in crypto assets. Institutional Participation: The entry of institutional players has added credibility and liquidity to the market. Technological Advancements: Enhanced blockchain scalability and security solutions are driving adoption. 3. Regulatory Optimism Grayscale believes that regulatory clarity will improve with the installation of the next U.S. Congress , which could create a more predictable environment for crypto investments. Clearer rules would lower entry barriers for retail and institutional investors alike. Why the Bull Market Is Expected to Persist 1. Strong Investor Demand Investor interest in cryptocurrencies remains high, particularly for assets like Bitcoin, Ethereum, and Solana. This demand is supported by: The growing perception of crypto as a hedge against inflation. Increased adoption by major corporations and financial institutions. 2. Enhanced Infrastructure The development of user-friendly wallets, payment solutions, and decentralized finance (DeFi) platforms is simplifying cryptocurrency adoption. 3. Macro Trends Global Economic Conditions: Persistent low-interest rates and economic uncertainty are pushing investors toward alternative assets like crypto. Tokenization of Assets: The rise of tokenized real-world assets (RWAs) is further expanding the use cases for blockchain technology. Regulatory Clarity: A Game-Changer for 2025? Grayscale’s report highlights regulatory clarity as a critical factor for sustaining the bull market. The firm anticipates: Improved Legislation: Policies that foster innovation while protecting investors. Spot ETF Approvals: Regulatory green lights for spot Bitcoin and Ethereum ETFs could drive significant inflows into the market. Stablecoin Guidelines: Clear rules around stablecoins could increase trust and adoption. Comparing 2024 and 2025: Why 2025 Could Be Bigger 2024: A Year of Recovery and Growth The crypto market rebounded strongly in 2024, driven by: Positive sentiment following the approval of multiple crypto ETFs. Renewed institutional interest in blockchain technology. 2025: The Year of Expansion Grayscale anticipates that 2025 will build on this momentum, with: Greater global adoption of digital assets. Further integration of crypto in traditional financial systems. What This Means for Investors Opportunities Long-Term Growth: The extended bull market offers opportunities for sustained portfolio growth. Increased Adoption: Expanding use cases for crypto assets could drive demand. Diverse Investments: A wide range of tokens, from DeFi to gaming to infrastructure, are likely to perform well. Risks Regulatory Delays: Uncertainty in crypto laws could dampen momentum. Market Volatility: While bullish, crypto markets remain highly volatile. Community Reactions to Grayscale’s Predictions Optimism Among Analysts Market analysts echo Grayscale’s bullish sentiment, citing positive trends in market adoption and regulatory progress. “Grayscale’s predictions are spot on. 2025 is shaping up to be a landmark year for crypto.” “Improved infrastructure and ETFs will drive unprecedented institutional inflows.” Cautious Voices Some experts urge caution, warning that unforeseen global events or regulatory setbacks could impact growth. “The market looks strong, but investors should brace for volatility.” “It’s crucial to monitor legislative developments closely.” How Grayscale Is Positioning Itself As a leader in cryptocurrency asset management, Grayscale is actively expanding its offerings: Launching new investment trusts tied to emerging cryptocurrencies. Advocating for spot ETF approvals to make crypto more accessible to retail investors. Partnering with regulators to shape a balanced approach to cryptocurrency laws. Conclusion: A Promising Outlook for 2025 Grayscale’s forecast that the crypto bull market will extend into 2025 reflects growing confidence in the industry’s long-term potential. With evolving market structures, increased investor access, and anticipated regulatory clarity, the stage is set for continued growth. While risks remain, the opportunities for innovation and adoption are vast. Investors looking to capitalize on this trend should stay informed and diversify their portfolios to navigate the dynamic landscape of digital assets. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries. Crypto Potato