Dogecoin’s (DOGE-USD) recent struggles have intensified, with the memecoin dropping nearly 25% in the past week. This downturn comes as the broader...
TipRanks
You can visit the page to read the article.
Source: TipRanks
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.
PEPE Price Drops by 30% While NEAR Is Poised for a Breakout – Crypto Titans Rally Behind BlockDAG’s $1 Prediction
The cryptocurrency arena is renowned for its swings, and the latest market movements are no exception. PEPE recently witnessed a dramatic 30% price drop after soaring to record highs, stirring questions about its future prospects. Concurrently, the Near Protocol price prediction for 2025 points to a potential $10 value, sparking debates over the viability of its environmentally friendly blockchain to achieve sustained growth. Amid these fluctuations, BlockDAG (BDAG) has emerged as a top crypto of 2024. Attracting significant attention, this project has amassed over $172 million in presale contributions and achieved an impressive 2,240% ROI since its inception. With its advanced hybrid blockchain and directed acyclic graph (DAG) technology, industry insiders are bullish about BDAG’s prospects to hit the $1 mark, positioning it as the prime crypto to get your hands on. PEPE Suffers a Sharp 30% Decline Post-Peak PEPE’s journey took a downturn recently, with a sharp 30% fall from its peak price of $0.0000293 on December 9. This significant dip has triggered skepticism regarding the sustainability of its initial explosive growth, suggesting it might have hit its peak. Technical analysis shows bearish trends, hinting at a possible further drop to $0.0000105 if crucial support levels fail. While there’s hope among some circles for a bounce back, others are bracing for a possible extended decline, advising caution among followers. Near Protocol’s 2025 Forecast: Climbing to $10 The outlook for Near Protocol has garnered mixed reviews from experts, some are optimistic about its future, while others caution against potential obstacles. Current predictions place its price at around $10.01 by 2025, fueled by its scalable and energy-efficient technology. Despite notable advancements in decentralized apps and its green tech credentials, Near Protocol contends with uncertainties from market dynamics and regulatory environments. Currently priced at $5.74, the pathway to the anticipated $10 remains fraught with unpredictability. As the Near Protocol price prediction for 2025 suggests potential growth, savvy crypto watchers are advised to stay informed and assess the evolving market domain to pinpoint the most promising long-term investments. BlockDAG’s Sprint to $1: Is a 4200% ROI on the Horizon? BlockDAG has quickly become a powerhouse in the crypto sphere, amassing an impressive $172 million through its presale in mere months. A staggering 17.5 billion BDAG coins have been purchased, with early participants already reaping a 2,240% ROI as the price catapulted from $0.001 in Batch 1 to $0.0234 in the latest Batch 26. This explosive growth has catapulted BlockDAG into the spotlight as the most buzzworthy crypto project currently. Enthusiasts and major players alike are drawn to its potential, especially with anticipated exchange listings that could push its value to the coveted $1 mark. Should BDAG reach this milestone, those holding Batch 26 could see a staggering 4200% ROI. Crypto analysts point to BlockDAG’s cutting-edge hybrid technology—merging Directed Acyclic Graph (DAG) efficiency with blockchain’s robust security—as a key driver of its presale success. This tech innovation enables faster transactions, greater scalability, and increased security, captivating a global audience and spurring a surge in demand for BDAG coins. Moreover, BlockDAG’s mining operations are thriving, generating over $6 million from the sales of more than 15,000 mining units. These units, known for their efficiency, are quickly being snapped up by those eager to maximize their BDAG earnings. As demand continues to rise, the current crypto presale for Batch 26 is poised to sell out soon, potentially driving prices higher. This presents a golden opportunity to get involved with BDAG at a still accessible price of $0.0234 per coin. Today’s Top Crypto Investment Opportunities In contrast, the PEPE price has recently fallen by 30%, stirring doubts about its future performance, while the Near Protocol price prediction for 2025 anticipates a steady rise to $10, buoyed by its sustainable technology. Yet, it’s BlockDAG that’s leading the pack in the altcoin market with its remarkable achievements and substantial presale earnings. With breakthrough DAG technology and booming mining sales, BlockDAG is on a fast track to potentially hit the $1 threshold soon, which could unlock a 4200% ROI for current Batch 26 holders. For those scouting for the best crypto to buy, seizing BDAG coins now might be the smartest move in today’s volatile market. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . TipRanks
Whales Rush to Accumulate XRP Amid RLUSD’s Debut on Major Exchange
After establishing itself as a top performer in this bull cycle, XRP price has been moving sideways for the last week, trading within the $2.12-$2.32 range. Although the critical support above $2.10 has remained intact, indicating a strong buyer interest at below levels, the lack of any positive news that had the market in a state of euphoria in the first weeks after Trump’s election appears to be cooling down inflated expectations. The on-chain data, however, paints a different picture for XRP. According to Santiment data shared by Twitter/X crypto analyst Ali Martinez, whales have accumulated 40 million XRP over the last 24 hours, suggesting that seasoned market participants are closely watching for the new breakout. Over the past 24 hours, XRP has added 3.08%, which may be a sign that the market is starting to react to renewed whale activity. Should the momentum continue, XRP may reclaim the recent highs at the $2.7 level. Currently, the main potential catalysts for the XRP price to watch for are RLUSD stablecoin listings, XRP spot ETF approval, and progress in the Ripple vs SEC case. RLUSD stablecoin went live on December 17 on XRP Ledger and Ethereum blockchains, with initial listings on several exchanges and crypto platforms, including Uphold, MoonPay, Archax, and CoinMENA. Although it’s reasonable to assume that any attempt to corner the saturated stablecoin market will be met with fierce competition from established issuers Tether ($140 billion worth of USDT) and Circe ($43 billion worth of USDC), the use cases and utility brought by RLUSD are expected to drive demand for XRP as well. Considering that Ripple’s stablecoin is yet to be listed on Binance or Coinbase, any upcoming listings are likely to be treated by the investors as “buy the rumor, sell the news” events. After the successful debut of Bitcoin and Ethereum spot ETFs, the crypto industry is anticipating approval for other Layer 1 cryptocurrencies, including XRP and SOL. Major players like WisdomTree, Bitwise, and Canary Capital have already filed for XRP ETFs and the leadership change at the SEC brought by Trump’s win makes the approval a much more likely thing than one would expect under Gary Gensler’s reign. Finally, the resolution of the ongoing SEC vs Ripple case also seems like a plausible outcome after Gensler’s resignation effective on Inauguration Day. With crypto-friendly Chair Paul Atkins at the helm, the new SEC is likely to drop non-fraud lawsuits, experts forecast. At the time of writing, XRP is trading at $2.30, positioned at the level of the 9-day exponential moving average (EMA) but holding above the 21-day EMA at $2.24. These indicators suggest a potential short-term bullish momentum, as the price is consolidating near its faster EMA and maintaining support above its medium-term trendline. Should the price successfully move away from its 9-day EMA, this would reliably signify the start of an upward trend. Conversely, a fall below the 21-day EMA would mean the inability to sustain momentum, leading XRP to potentially retest a $2.10 support. For context, the exponential moving average is a type of a moving average indicator that assigns more weight to the recent prices, making it more sensitive to the latest price changes when compared to a simple moving average. The 9 and 21-day EMAs are commonly used by traders to identify short-term trends. RLUSD gets listed on Bullish On Tuesday, Bullish, an institutional crypto exchange backed by tech mogul Peter Thiel, officially listed Ripple’s much-anticipated stablecoin. The exchange users will be able to trade it across seven pairs, namely RLUSD/USDC, BTC/RLUSD, XRP/RLUSD, ETH/RLUSD, USD/RLUSD, EUR/RLUSD and SOL/RLUSD. Before Bullish, RLUSD also went live on Bitso, Independent Reserve, and Mercado Bitcoin. The stablecoin became available to the general public shortly after Ripple managed to secure approval from the New York State Department of Financial Services (NYDFS). “Early on, Ripple made a deliberate choice to launch our stablecoin under the NYDFS limited purpose trust company charter, widely regarded as the premier regulatory standard worldwide,” Ripple CEO Brad Garlinghouse said in a statement. According to CoinMarketCap , RLUSD currently has a market cap of $53 million, which places the stablecoin at the 2,978th place ranked by market capitalization. Over the past 24 hours, it generated a trading volume of $8.6 million, a 719% increase from the day before. RLUSD will be initially available in the Americas, Asia-Pacific, UK, and Middle East regions, CoinDesk reported, quoting Jack McDonald, senior vice president of stablecoin at Ripple. The token won’t be available for EU customers due to the lack of a necessary license to comply with the bloc`s MiCAR regulations, although the company is actively exploring ways to enter the European market. TipRanks