Bitcoin shows strong stability despite high volatility in altcoins. LUNA struggles to maintain value while DOGE remains popular among novice investors. Continue Reading: Bitcoin Maintains Stability While LUNA, Dogecoin, and BONK Coin Face Market Challenges The post Bitcoin Maintains Stability While LUNA, Dogecoin, and BONK Coin Face Market Challenges appeared first on COINTURK NEWS .
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Tether Planning To Launch Own AI Platform Next Year, According to CEO Paolo Ardoino: Report
Stablecoin company and USDT issuer Tether is reportedly planning to venture into the artificial intelligence (AI) space. Tether CEO Paolo Ardoino is unveiling Tether’s vision to launch a platform that will enable people to interact with artificial intelligence using their mobile phones, reports Bloomberg. Tether plans to launch the AI platform in the first quarter of 2025 as the company rakes in net profits of more than $10 billion this year. Ardoino says at least half of the profits will be allocated to AI and other investments next year. “Next year we plan to deploy at least half of the profits in investment. Our investment is just at the beginning.” Data from CoinMarketCap shows that USDT now has a market cap of about $140 billion, up by nearly $50 billion this year. Demand for the dollar-pegged asset surged as the crypto market rallied with Bitcoin ( BTC ) breaching the six-digit mark. In a report published earlier this month, Tether says the number of wallets holding USDT rose by 71% in 2024. The firm says that at the start of Q4 2024, there were 109 million on-chain wallets holding USDT– more than twice the number of wallets holding Bitcoin. USDT also remains the leading stablecoin in terms of adoption with four times more wallets than all other stablecoins combined. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Tether Planning To Launch Own AI Platform Next Year, According to CEO Paolo Ardoino: Report appeared first on The Daily Hodl . CoinTurk News
XRP Battles Critical $2.20 Support Level — Will It Target $2.70 Or Slip To $1.96?
XRP has been trading in a decline over the past few days alongside the broader cryptocurrency market. However, despite this lull, the XRP price has managed to maintain its critical support levels and is currently positioning itself for a potential recovery. Related Reading: Ethereum Investment: Trump Crypto Project Grabs 722 ETH At $2.5 Million Interestingly, technical analysis highlights the $2.20 mark as a key level to watch for XRP going forward. This was noted in an analysis by popular crypto analyst Ali Martinez, who emphasized that XRP’s next major move could hinge on its outcome on this threshold. Key Levels To Watch: $2.20 Support And $2.70 Resistance The cryptocurrency market has faced significant selling pressure since December 17 led by Bitcoin’s break below support levels, leading to notable price corrections across various cryptocurrencies. XRP, in particular, saw its price fall from $2.708 on December 17 to bottom at $1.98 on December 20. This represented a 27% in three days. After it reached $1.98, the XRP price rebounded and regained the $2 price level. As it stands, XRP is now trading around $2.2, although it is still down by 7% in the weekly timeframe. XRP’s movement around the $2.2 price level has captured the attention of crypto analyst Ali Martinez, who suggested two ways the cryptocurrency can go from here. According to Ali Martinez, XRP’s ability to hold above the $2.20 support is crucial for its short-term bullish outlook. If this level remains intact, the token might enter a consolidation phase, but another attempt at the $2.70 resistance remains in play. From here, a strong bullish momentum above $2.7 could as well send the cryptocurrency above $3 for the first time in years. On the other hand, a break below $2.20 could trigger another quick XRP price decline toward $1.96 before it starts to attract fresh buying interest. Image From X: ali_charts Whale Accumulation Up Amid Crypto Market Correction On-chain data from Santiment suggests that XRP has captured the interest of whales during this recent downturn. Wallets holding between 1 million and 10 million XRP coins have accumulated an additional 80 million XRP since December 17, which points to strong confidence in the token’s long-term potential among whale addresses. This accumulation could provide a cushion against further declines below the $2 mark and set the stage for an eventual recovery. Related Reading: Dogecoin Dives: $29 Million Disappears During Market Collapse —Data Adding to the bullish outlook, technical analysis of the XRP price using Elliot impulse waves suggests that the recent crash below $2 might be the end of the second impluse wave, which is a corrective wave. With this in mind, bullish impulse wave 3 is expected to start anytime soon. At the time of writing, XRP is trading at $2.27. Featured image from Tech Xplore, chart from TradingView CoinTurk News