With December historically a volatile and choppy month for bitcoin (BTC), analysts at the crypto exchange Bitfinex believe the digital asset could experience a short-term pullback; however, a shift in network dynamics could push it above $100,000. According to a weekly report , BTC could maintain upward momentum this month and rally past $100,000 if short-term holder (STH) demand can meet long-term holder (LTH) supply. At the time of writing, BTC was changing hands at $94,800, following a week of consolidation between $90,000 and $98,000. Can STH Demand Meet LTH Supply? Bitcoin long-term holders have begun to capitalize on increased BTC demand in the market to distribute their held supply on a large scale. Heightened BTC demand from institutional investors and the spot Bitcoin exchange-traded fund (ETF) market drove the latest rally. The LTH supply recorded a peak in September, and since then, this cohort of market participants has distributed roughly 508,990 BTC. While this figure represents a significant volume, Bitfinex revealed that it is smaller than the 934,000 BTC LTHs spent during the March rally, which led to bitcoin’s high of $73,666. The last eight months saw LTHs re-accumulate after distributing their bitcoins before the halving. However, with the resumption of a redistribution phase among this cohort of investors, STHs have been buying and accumulating rapidly. Per Bitfinex’s analysis, a reduction in the LTH-held supply is expected at this stage of the bull cycle. BTC Needs ETF Inflows And Strong Demand As LTHs continue to take profits, BTC needs positive ETF flows and strong demand from marginal buyers in the short term to maintain upward momentum. This is because the supply entering the Bitcoin market from LTHs has been sustained for the past two weeks, and a weak spot demand would fail to absorb the supply, resulting in a significant price correction. It is worth mentioning that the LTH Spent Output Profit Ratio (SOPR), which measures the profit margin at which this investor cohort is selling their BTC, signals the market is not near the top. In past cycles, this metric has shown LTHs selling at an average profit of 3.5x at market tops; however, at the time of writing, the SOPR average hovered around 2.6x. Also, the final leg of the bull market starts when the STH supply crosses the pre-halving cycle high of 3,282,000 BTC; this figure is currently at 3,252,000 BTC. The post Bitcoin to Maintain Upward Momentum and Break Through $100K If This Happens (Bitfinex) appeared first on CryptoPotato .
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SHIB and DOGE: Which Meme Coin Will Dominate the Market in 2025?
The post SHIB and DOGE: Which Meme Coin Will Dominate the Market in 2025? appeared first on Coinpedia Fintech News The meme coin movement has taken the cryptocurrency world by storm in 2024, with Shiba Inu (SHIB) and Dogecoin (DOGE) at the forefront. Both coins have differentiated themselves as community-driven tokens with large user bases. However, as the race for domination in 2025 unfolds, another name is making headlines in the DeFi space. It’s no other than 1Fuel (OFT) . 1FUEL is soaring, having sold out the initial stage of what is now one of the top crypto presales in 2024, with a projected return of more than 500%. So, If you are interested in buying cryptocurrencies with long-term benefits, 1Fuel shows clear signs as a strong contender, alongside SHIB and DOGE ahead of 2025. Could the rise of 1Fuel reshape the dynamics of the meme coin showdown? SHIB: More Than Just A Meme Coin Shiba Inu, dubbed the “Dogecoin Killer,” has cultivated a devoted following as it distinguished itself as more than just a meme coin. Over the years, SHIB has grown its ecosystem to include the ShibaSwap decentralized exchange, NFTs, and staking alternatives. These innovations are designed to give SHIB real-world utility and longevity. SHIB’s tokenomics are also key to its attractiveness, with a deflationary approach and token burns targeted to build value and reduce circulating supply. Shiba Inu’s network utilized a creative token-burning model to accelerate its deflationary goal. This strategy, which is closely linked to the growth of Shibarium (Shiba Inu’s layer-2 blockchain solution) uses each transaction in the ecosystem to help lower token supply. As the market approaches 2025, SHIB investors are depending on new use cases and a dedicated community to drive growth. DOGE: The Original Meme Coin Dogecoin is indisputably the pioneer of meme coins, having a legacy that no other token can equal. Known for its lighthearted beginnings and strong celebrity endorsements, DOGE won over millions of hearts worldwide. DOGE has also, of course, benefited significantly from the patronage of Elon Musk. Despite its playful beginnings, DOGE has established itself as an authentic cryptocurrency, with growing popularity for microtransactions and tipping systems. Donald Trump’s election triumph caused DOGE to surge by more than 160% in November. However, the market now appears unsure of where DOGE will head next. DOGE’s early November rally was followed by a sluggish climb upward as the price lost momentum and investors began to take profits. Nevertheless, analysts anticipate that Dogecoin bulls may present a case for price suppression, sending the cryptocurrency back up around $0.485. 1Fuel’s Increasing Momentum While SHIB and DOGE occupy the meme coin scene, 1Fuel paves the path as a strong utility token in the DeFi space. Now in the second presale phase and selling for a low price of $0.012/token, 1Fuel has received much attention for its creative solutions that address key blockchain concerns. 1Fuel offers a one-click cross-chain cryptocurrency wallet, peer-to-peer exchange, and staking rewards up to 30% APR, amongst other benefits. Market analysts maintain that 1Fuel’s emphasis on practical applications and flexible user experiences establishes it as one of the best cryptocurrencies to invest in for long-term returns. For individuals interested in buying cryptocurrencies with real-world utility, 1Fuel stands out as a top choice, sparring with meme coins and carving out a niche in the larger cryptocurrency ecosystem. Conclusion SHIB, DOGE, and 1Fuel each offer unique prospects for investors . Shiba Inu continues to shape a system that extends its meme roots, whereas Dogecoin relies on its legacy and community strength. Meanwhile, 1Fuel is emerging as a functional utility token with the potential to reshape DeFi standards. Ahead of 2025, 1Fuel clearly positions itself as a worthy contender for one of the best cryptocurrencies to invest in. To Learn More about 1Fuel, visit: Presale: https://www.1fuel.io/ Telegram: https://t.me/Portal_1Fuel X: https://x.com/1fuel_?s=21 Crypto Potato
$MOCA Price Soars 42% Amid Major Wallet Transfers And NFT Market Growth
Over the past two hours, Mocaverse’s Operational Expenses and Liquidity wallets have moved 24.5 million $MOCA tokens, worth approximately $10 million, to major exchanges including Gate.io, KuCoin, Bybit, and Bitget. This activity is believed to be tied to market-making efforts, potentially enhancing $MOCA’s liquidity and trading presence. Over the past 2 hours, the #Mocaverse Operational Expenses and Liquidity wallets transferred 24.5M $MOCA ($10M) to #Gateio , #KuCoin , #Bybit , and #Bitget , likely for market making. The price of $MOCA has surged by 42% today. https://t.co/nrFOnJH4YU https://t.co/K6gqSVmVEb pic.twitter.com/Tuoq9K67Vs — Lookonchain (@lookonchain) December 25, 2024 This development coincides with a significant 42% surge in the price of $MOCA today, marking a period of extraordinary growth for the token. Such momentum has also fueled the success of the Mocaverse NFT ecosystem, which has been delivering exceptional performance metrics in recent weeks. In the past 30 days, @Moca_Network NFTs have seen a remarkable 392% increase in total trading volume, highlighting their growing popularity and demand among collectors. Furthermore, the floor price of these NFTs recently hit an all-time high of 4.15 ETH, demonstrating robust value appreciation. All I want for christmas is MOCA Concurrent with the extraordinary growth of $MOCA recently, @Moca_Network NFTs have exhibited exceptional performance metrics: 1⃣The total NFT trading volume has experienced a 392% increase over the last 30-day period. 2⃣The floor price… pic.twitter.com/KFUgYcey9G — NFTevening ɢᴍ (@NFTevening) December 25, 2024 Another notable aspect is the decentralized nature of Mocaverse’s NFT ownership. The heterogeneous distribution of NFT holdings underscores the project’s commitment to ensuring a broad and balanced allocation within its community, reinforcing its decentralized ethos. As $MOCA continues its upward trajectory and Mocaverse NFTs achieve new milestones, this dual success showcases the ecosystem’s strength and potential for sustained growth. With increasing market attention and active community engagement, Mocaverse appears well-positioned to solidify its presence in both the token and NFT landscapes. 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: surachaipung/ 123RF // Image Effects by Colorcinch Crypto Potato