The cryptocurrency market’s continued volatility has once again taken center stage, with a sharp crash wiping out over $630 million in bullish long positions on January 7. Cryptocurrencies remain under pressure, struggling to regain momentum as uncertainty grips the market. Amid the growing uncertainty, investors are increasingly turning to altcoins to diversify their portfolios and unlock potential growth opportunities. Against this backdrop, Finbold analyzed market trends and consulted ChatGPT-4o , which identified two altcoins with significant growth potential. ChatGPT identifies 2 altcoins for January portfolio When queried, the AI model highlighted XRP and Cardano ( ADA ) as standout assets, highlighting their potential to drive diversification and growth in a well-rounded cryptocurrency portfolio amid an evolving market landscape. ChatGPT’s pick on altcoins. Source: ChatGPT /Finbold XRP XRP is gaining attention as a standout investment for January 2025, fueled by expectations of significant regulatory shifts under the incoming Donald Trump administration. Ripple’s CEO, Brad Garlinghouse, has labeled 2025 as the start of a ‘Trump bull market,’ pointing to pro-crypto policies and the anticipated departure of SEC Chair Gary Gensler as key factors driving renewed optimism. Adding momentum to XRP’s bullish outlook is the timing of the SEC’s appeal, scheduled for January 15, 2025, just days before Trump’s inauguration. Market participants are increasingly hopeful that the incoming administration will bring an end to the long-standing legal uncertainties that have shadowed Ripple Labs since 2020. Such a resolution is widely expected to pave the way for a U.S. XRP spot ETF , which could drive institutional adoption, liquidity, and long-term growth prospects for the token. Market forecasts further support XRP’s case, with projections suggesting a market capitalization of $200 billion in Q1 2025, with legendary trader Peter Brandt predicting a potential surge to $500 billion as reported by Finbold. XRP one-week price chart. Source: Finbold Currently trading at $2.32, XRP remains well below its January 2018 all-time high of $3.84 but has shown notable momentum, gaining over 6% since the start of the month. Ripple’s strengthened U.S. operations, combined with improving macroeconomic factors and a more favorable regulatory environment, position XRP as a strong buy for investors looking to capitalize on its growth potential in 2025. Cardano (ADA) Cardano has outperformed major players like Bitcoin ( BTC ) and Ethereum ( ETH ) in the market’s recovery, driven by significant upgrades and growing investor interest. Central to its momentum is CIP-113 , a proposal introducing programmable assets, enhanced security, and smart accounts, potentially enabling the support for stablecoins and real-world asset tokenization. Investor engagement has also been on the rise, with data from IntoTheBlock showing a steady increase in funded wallets. This growth aligns with a renewed wave of market enthusiasm coinciding with Donald Trump’s inauguration. Moreover, large-scale investors, often referred to as ‘whales,’ have shown renewed interest, accumulating over 10 million ADA within just 24 hours—a clear signal of their confidence in the asset’s long-term potential. ADA one-week price chart. Source: Finbold Currently trading at $0.9884 with a double-digit weekly gain of 12%, ADA positions itself as a standout choice for investors aiming to capitalize on the ongoing market recovery. As the cryptocurrency market continues to evolve, these assets offer a balanced mix of growth potential and utility, making them essential additions to a well-diversified portfolio for investors aiming to capitalize on the next wave of digital asset expansion. Featured image from Shutterstock The post AI picks 2 altcoins to buy and add to your crypto portfolio in January appeared first on Finbold .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Whales Continue to Accumulate $SWARMS: Market Value Hits $500 Million
The buying frenzy for $SWARMS shows no signs of slowing down. A newly created wallet recently withdrew $2 million in $USDC from Binance to purchase 3.58 million $SWARMS tokens, underscoring the growing interest in the asset. Four Whales Invest $5.44 Million Overnight Last night, four prominent whales collectively poured $5.44 million into $SWARMS, pushing its market valuation to a remarkable $500 million. However, these whales are not new players in the $SWARMS market. They have engaged in multiple transactions, earning a combined profit of $1.318 million. This suggests their positions are flexible, and they may exit the market if conditions change. Whales haven`t stopped buying $swarms ! Someone created a new wallet and withdrew 2M $USDC from #Binance to buy 3.58M $swarms . https://t.co/xdkbb12Nv8 https://t.co/tyuwgz27Do pic.twitter.com/YTxb1cutzH — Lookonchain (@lookonchain) January 7, 2025 Detailed Whale Activity Here’s a breakdown of the recent investments made by these whales: 1. Address ATZ6K…cFjvj: Opened a position within 22 hours, spending $1.74 million at an average cost of $0.3782. 2. Address 4YubR…Lkj3Q: Invested $1.478 million in 21 hours at an average cost of $0.3845. 3. Address Aofcu…JnE8A: Bought $1.165 million worth of tokens in 11 hours, averaging $0.4786 per token. 4. Address GH53k…QZCyF: Spent $1.055 million in 15 hours at an average cost of $0.4278. 昨晚又有四个巨鲸带着 544 万美金巨款冲进了 $SWARMS ,一把子把市值冲到了五亿 不过需要注意的是:这四个巨鲸都并非首次买入 SWARMS,已通过多次买卖累计获利 131.8 万美金,因此他们的建仓并不坚定,可能随时离场 1⃣ 地址 ATZ6K…cFjvj,22 小时内花费 174 万美金建仓,成本 $0.3782… https://t.co/RxvlT0VpoP pic.twitter.com/x18UPjjDuF — Ai 姨 (@ai_9684xtpa) January 7, 2025 Post-Binance Listing Moves Following Binance’s announcement of $SWARMS perpetual contracts, one whale sold 4.5 million $SWARMS tokens for 9,884 $SOL, valued at $2.14 million. Despite this sale, the same whale still holds 20.28 million $SWARMS tokens, currently worth $10.19 million. After #Binance announced the listing of $swarms perpetual contracts, a whale sold 4.5M $swarms for 9,884 $SOL ($2.14M). The whale currently holds 20.28M $swarms ($10.19M). https://t.co/QeMSH5vCar pic.twitter.com/vS7eEEiR8y — Lookonchain (@lookonchain) January 7, 2025 Market Outlook While the influx of whale investments has propelled $SWARMS to new heights, the profit-taking patterns among these investors indicate potential volatility. Market participants should remain vigilant as these whales could exit positions rapidly, impacting price dynamics. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: loft39studio/ 123RF // Image Effects by Colorcinch Finbold
Elon Musk’s DOGE Initiative Sparks Controversy in the Cryptocurrency Market
Musk`s DOGE initiative aims to reduce government spending and combat inflation. His comments on the X platform incited debate among cryptocurrency users. Continue Reading: Elon Musk’s DOGE Initiative Sparks Controversy in the Cryptocurrency Market The post Elon Musk’s DOGE Initiative Sparks Controversy in the Cryptocurrency Market appeared first on COINTURK NEWS . Finbold