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TL:DR; The entire cryptocurrency market went through a massive crash in the past few days, but Ripple’s cross-border token was among the poorest performers. Since then, though, XRP has gained roughly 20%, leading to the question of whether it has found its bottom. XRP Bounces Off The developments at the start of the business week couldn’t really foresee what would transpire just a few days later. On Monday, Ripple announced that its long-awaited stablecoin will finally see the light of day on the next day (December 17) after it was greenlighted by the NYDFS. XRP’s price reacted positively to both the announcement and the subsequent launch as its price skyrocketed from $2.35 to a multi-day peak of over $2.7 by Tuesday. After a minor retracement to $2.6, things went sour on Wednesday after the latest US FOMC meeting. XRP, alongside the rest of the market, plummeted to under $2.25, losing nearly 20% of its value in 36 hours. Although that was already a painful retracement, the landscape worsened on Thursday and Friday as the asset plunged to below $2 for just the third time since December 1. Thus, Ripple’s token had dumped by 28% from Tuesday to Friday, going from $2.72 to $1.96. The bulls finally stepped up at this point and didn’t allow any further declines. Just the opposite, XRP bounced off and has gained about 20% since then, currently sitting at $2.35. According to popular X analyst Dark Defender, XRP “double tap on 4-hour charts for both on RSI and Price,” which, alongside the “tremendous bullish pin” on the daily chart, suggests that the asset has already bottomed and is ahead of more gains. XRP double tap on 4-hour charts for both on RSI and Price. Additionally daily frame has a tremendous bullish pin bar. These are initial signals for momentum to continue. Time will tell pic.twitter.com/85zgnzOhvC — Dark Defender (@DefendDark) December 20, 2024 It’s About Perspective During the lows, many crypto commentators started to speculate whether the overall bull cycle had ended. After all, the entire crypto market cap lost roughly $500 billion in just days at one point. However, Moon Lambo outlined a different view for those retracements, including XRP’s plunge. The YouTuber talked about having a perspective, as XRP, for instance, stood below $0.5 less than two months ago. Consequently, going from over $2.7 to under $2 is indeed painful, but looking at it on a broader scale, it still shows that the asset is a lot higher than it used to be just weeks ago. As someone who has been holding $XRP for over 7 years, while the price has been well under $1.00 for almost 100% of that time, and having never sold a single $XRP ever, I must say… I find it amusing that people are freaking out that $XRP *dropped* to $2.15. Bitch it was 49… pic.twitter.com/1FoohjdxUv — Moon Lambo (@MoonLamboio) December 20, 2024 The post Is XRP’s Bottom In? Ripple Explodes 20% From $1.96 Lows appeared first on CryptoPotato .
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The Best Altcoins to Buy and Hold for the Long Term? Qubetics Hits $7.3M Raised, Ethereum Hits $4K Again, and Solana Battles Recent Losses
What defines the best altcoins to buy and hold for the long term? Is it innovation, market performance, or the ability to adapt and thrive? The cryptocurrency world is abuzz with activity, as Ethereum’s potential breakout excites investors, and Solana’s resilience keeps it in the spotlight. However, one name is rapidly climbing the ranks of crypto enthusiasm— Qubetics ($TICS). With its cutting-edge virtual card integration, Qubetics is rewriting the playbook on user-centric digital finance. Combine that with its exhilarating presale momentum, and it’s clear why Qubetics is a standout in the crypto space. This article will cover the latest developments in Qubetics ($TICS), Ethereum, and Solana, exploring why they are the best altcoins to buy and hold for the long term. Qubetics: Transforming Digital Finance with Virtual Card Integration Qubetics Wallet offers something truly groundbreaking: the ability to create and manage virtual cards directly within its app. Imagine having a secure digital card at your fingertips, ready for online transactions without compromising your primary payment details. How often have you wished for a payment method that balances convenience with enhanced security? This innovation empowers users by offering unparalleled control. Whether shopping online or managing subscriptions, virtual cards can be created, tracked, and deactivated in seconds. This feature makes Qubetics a top contender among the best altcoins to buy and hold long-term. Adding to its appeal, Qubetics recently held a live AMA session , inviting its community to ask burning questions and gain deeper insights into its ecosystem. Such transparency and active engagement reinforce why $TICS is capturing the attention of crypto enthusiasts worldwide. Ethereum (ETH): A Comeback on the Horizon? Ethereum, the leading altcoin and second-largest cryptocurrency, keeps investors on edge. After breaching the $4,000 mark earlier this week, sellers pushed the price lower to reposition for more favourable entries. Despite this minor dip, Ethereum is still up 7% on the weekly chart. Technical indicators suggest that Ethereum is gearing up for another rally. The 20-VWMA and 30-EMA hint at bullish momentum, with experts predicting a breakout past $4,100 could lead to new highs of $5,300. While some are betting on new tokens, Ethereum’s resilience and potential for all-time highs keep it firmly on the radar of seasoned investors. Solana (SOL): Strength Amidst the Storm Solana has been a standout performer in the 2024 crypto market, making significant strides since late last year. Its growth story has been spectacular from a modest $20 to highs above $257 in November. However, the cryptocurrency recently experienced a downturn, with its price sliding to $182.19. Despite this dip, Solana remains one of the best altcoins to buy and hold long-term, given its technological advancements and consistent performance. Analysts believe its recent red streak is merely a pause in its upward trajectory, setting the stage for future gains. Qubetics Presale: $7.3M Raised – Why It’s the Best Altcoin to Buy and Hold Now The Qubetics presale has been a masterclass in building anticipation. Currently, in Presale Phase 13, the $TICS token is priced at just $0.034, with over $7.3 million raised so far. Weekly phases bring a 10% price hike, culminating in a 20% surge in the final stage. If you’re considering the best altcoins to buy and hold for the long term , this presale is an opportunity that stands out. Each phase brings a tangible sense of urgency as prices increase, rewarding early adopters and creating momentum that carries $TICS closer to its projected goals. Imagine being part of a crypto project where every phase feels like stepping onto a moving escalator—taking you higher with every step. With $TICS tokens already gaining traction, the presale is a chance to secure a slice of the future before prices rise further. Conclusion: The Case for Long-Term Growth Ethereum’s bullish signals, Solana’s historical highs, and Qubetics’ ($TICS) disruptive innovations highlight the diverse opportunities available to crypto investors today. While Ethereum and Solana continue to shine in their established domains, Qubetics offers something refreshingly unique—a blend of innovation, user focus, and a presale that has investors buzzing with excitement. For those seeking the best altcoins to buy and hold for the long term, Qubetics stands out as a project built for the future. With its presale nearing its final stages and revolutionary features like virtual card integration, now is the perfect time to explore what $TICS offers. Don’t wait—this could be your opportunity to secure a position in the next big crypto success story. For More Information: Qubetics: https://qubetics.com Telegram: https://t.me/qubetics Twitter: https://x.com/qubetics The post The Best Altcoins to Buy and Hold for the Long Term? Qubetics Hits $7.3M Raised, Ethereum Hits $4K Again, and Solana Battles Recent Losses appeared first on TheCoinrise.com . Crypto Potato
Scaramucci Addresses Concerns About MicroStrategy’s Bitcoin Strategy and Debt
Scaramucci defends MicroStrategy`s approach to Bitcoin and its debt strategy. MicroStrategy`s long-term debt structure aids in navigating market volatility. Continue Reading: Scaramucci Addresses Concerns About MicroStrategy’s Bitcoin Strategy and Debt The post Scaramucci Addresses Concerns About MicroStrategy’s Bitcoin Strategy and Debt appeared first on COINTURK NEWS . Crypto Potato
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182 Million XRP in 24 Hours, Here’s What Happened
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