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The native token of the decentralized smart contract platform Sui (SUI) kicked off the week with an all-time high of $4.96, buoyed by an overall bullish trend in the cryptocurrency market. The momentum was short-lived, as SUI experienced a significant retracement on Friday, plummeting nearly 30% to $3.49. However, the token rebounded swiftly, stabilizing at approximately $4.55, representing a 12.8% increase from the week’s low and just 8.9% shy of its record price, SUI Surges Amid Market Volatility In stark contrast, major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have continued to experience downward corrections following the US Federal Reserve’s (Fed)0 recent decision regarding interest rates. The Fed’s dovish stance has negatively impacted risk assets, contributing to a generally bearish sentiment in the market that led the market’s leading crypto, to retrace almost 10% from the record high of $108,000. The volatility surrounding SUI led to nearly $14 million in liquidations across both long and short positions on centralized exchanges, with Binance reporting the highest liquidation rates within the past 24 hours, according to data from Coinalyze. Related Reading: Bitcoin Rally Loses Momentum: Could A Drop To $75,000 Signal The Final Correction? Notably, recent analysis has indicated that Sui ranks third in net inflows over the past three months, with close to $1 billion entering the network, highlighting the growing investor interest in SUI, further bolstered by a new partnership with Phantom wallet. Crypto analyst Route 2 FI noted in a recent social media post on X (formerly Twitter), that the bullish reversal in SUI’s price indicated strong investor sentiment, culminating in the token’s record peak at the beginning of the week. Analyst Targets $6 As Market Momentum Builds Michael van de Poppe, another respected analyst, pointed out the substantial daily candle movement in SUI, emphasizing that the price dipped into support before quickly bouncing back. He expressed optimism that this trend is far from over, suggesting that SUI could continue its upward trajectory with a target of $6 in sight. The recent surge in SUI’s price is also expected to attract Bitcoin liquidity into its ecosystem, further enhancing the token’s bullish prospects. Technical analyst Rekt Capital highlighted that SUI has effectively executed a post-breakout retest from its re-accumulation range. Rekt also noted that strategic partnerships with Babylon Labs and Lombard Finance would facilitate the integration of Bitcoin liquidity, which could significantly benefit the Sui platform. Related Reading: XRP, Solana Among Altcoins Witnessing TD Buy Signal, Analyst Reveals The growing interest in SUI raises questions about its potential performance in 2025. However, crypto researcher Eyezenhour recently emphasized that while there are numerous reasons for optimism regarding SUI’s future, the key factor is attention. The researcher contends that the Sui Network has started to captivate institutional investors, a trend attributed to its dominant technology, upcoming integrations with Phantom and Backpack, and a talented core and executive team. This is expected to continue throughout the current bullish cycle and into 2025, adding to the bullish sentiment for the altcoin as the year draws to a close. Featured image from DALL-E, chart from TradingView.com
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R.Kiyosaki thanks Bitcoin investors for not trusting ‘Den of Thieves’
Robert Kiyosaki , the author of the personal finance book ‘Rich Dad Poor Dad,’ has expressed gratitude to Bitcoin ( BTC ) investors for refusing to place their trust in traditional financial institutions. The celebrity investor criticized these institutions, including the U.S. government, Treasury, and Federal Reserve, calling them a ‘Den of Thieves,’ he said in an X post on December 21. Kiyosaki, who also thanked investors in precious metals like gold and silver , accused the institutions of perpetrating wealth theft through the fiat monetary system. According to the financial educator, his distrust of the government began in 1965 when U.S. silver coins were replaced with copper alloys, which he viewed as a signal of the erosion of real monetary value. “THANK YOU gold, silver, and Bitcoin HODLERS: I do not trust the US Government, the US Treasury, or the FED. If you trust this Den of Thieves, that is your choice. I stopped trusting my government in 1965 when I noticed our silver coins were now alloys of copper,” he said. Kiyosaki emphasized his belief that real wealth lies in tangible and decentralized assets like gold, silver, and Bitcoin. Protecting wealth in financial crisis He also issued a grim forecast of a possible financial crash, urging investors to adopt his ‘rich dad’s’ philosophy of questioning traditional financial education and seeking guidance from wealthy individuals who prioritize wealth preservation. “If you do not being “ bent over” and your wealth is stolen via your fake money…. Keep being ignorant, working hard for fake money, and continue listening to financial planners who will tell you what to do with your fake money,” he added. As reported by Finbold, Kiyosaki has highlighted the importance of finding knowledgeable mentors to navigate high inflation and economic uncertainty in the U.S. Overall, the author has long been critical of traditional financial systems, blaming associated institutions for economic troubles such as rising inflation. Kiyosaki bullish on Bitcoin Furthermore, Kiyosaki maintains a bullish outlook on alternative investment assets like Bitcoin and precious metals. For instance, with Bitcoin surging to new highs above $100,000, Kiyosaki reiterated that it’s never too late to invest in the cryptocurrency, describing it as a coin ‘designed to make everyone rich,’ whether they are early adopters or latecomers. To this end, he predicts that the maiden cryptocurrency is likely to hit a high of $500,000 in 2025. He also views Bitcoin as a potential threat to the U.S. dollar, which he has termed ‘fake money, ’warning that the asset’s Bitcoin fixed supply could collapse the currency amid fears of ongoing devaluation. Meanwhile, Kiyosaki’s views on Bitcoin and traditional financial systems could be challenged. For instance, fiat currencies have been used to manage economies through central bank policies offering proven stability, flexibility, and regulatory oversight. On the other hand, while Bitcoin offers transferability, although still maturing, its volatility makes it a risky investment, unlike gold and silver, which require physical storage. Disclaimer : The featured image in this article is for illustrative purposes only and may not accurately reflect the true likeness of the individuals depicted. The post R.Kiyosaki thanks Bitcoin investors for not trusting ‘Den of Thieves’ appeared first on Finbold . NewsBTC
Unstoppable Altcoins for Winter 24/25—3 Must-Have Winners This Season!
The post Unstoppable Altcoins for Winter 24/25—3 Must-Have Winners This Season! appeared first on Coinpedia Fintech News As the cryptocurrency market braces for the winter season of 2024/2025, a few alternative coins are showing signs of breaking away from the pack. These digital currencies have the potential to deliver remarkable gains when others may stall. This article highlights three standout altcoins that could become the season’s unexpected champions. Trump’s Victory Sparks Crypto Chaos: $XYZ Meme Coin Ready to Deliver a 99,900% Knockout Donald Trump’s election victory has triggered a seismic shift in the crypto market, setting the stage for a bull run like no other . As the dust settles, major coins limp forward with uninspiring double-digit gains, while meme coins are stealing the show . PNUT’s recent 4,500% surge? FRED’s 6,000% explosion? Ancient history, buried in the ashes of short-lived hype. These coins buckled under selling pressure, leaving FOMO-ridden investors licking their wounds. But the crypto battlefield doesn’t wait for the weak — a new titan has emerged with plans to obliterate profit records and deliver an earth-shaking 99,900% surge . Take the XYZ Side – The Undisputed Champion of Meme Coins $XYZ Breaks into the Ring to Knockout Meme Coin Legends Meet $XYZ – the first-ever all-sports memecoins for true crypto degens hungry for 1000X profits . This is the token for those who thrive on the thrill of competition . As Trump takes the reins, the crypto market is set to erupt so the competition is getting fierce . Only the strongest tokens can survive in this no-mercy arena. Here comes the dawn of a crypto era for those with balls of steel — the guys like Joe Rogan and Dana White — who’d proudly rally behind Trump’s team. With such true men of business on board, there is no place for old pussy meme coins, it’s time for real brutal coins . Fueled by the sports mentality , the $XYZ token has emerged as the ultimate contender ready to crush competitors and rocket to the moon on Elon Musk’s mission. $XYZ is on its way to the winner’s podium to become a badge of honor for those who live and breathe sports and crypto. $XYZ Already Delivers Even Before Hitting the Market The $XYZ presale is underway, providing access to the token at a special pre-listing price. Launch Price : $0.0001 Price Now : $0.001 In just a couple of months, $XYZ already soared over 1000%! Next Stage : $0.001333 (+33% jump incoming) Final Knockout Target : $0.1 From launch to the token generation event, $XYZ is targeting a mind-blowing 99,900% surge! If you’re not in, you’re out. The $XYZ presale is already smashing through stages with the speed of a champion’s knockout blow. Join $XYZ Presale Now and See Your Pennies Grow Into Millions! Sui (SUI) Sui is a layer-1 blockchain platform designed to meet the needs of global adoption. It offers a secure, powerful, and scalable development environment for decentralized applications. Sui uses an object-centric data model and the Move programming language to improve efficiency over existing blockchain architectures. By focusing on user experience, Sui removes common barriers in blockchain interactions. Features like zkLogin, sponsored transactions, and programmable transaction blocks make applications more accessible and user-friendly. The technology behind Sui has the potential to support the widespread use of blockchain applications. Its focus on scalability and user experience could attract developers and users alike. In the current market cycle, where scalability and ease of use are important factors, Sui is a platform to consider. Its approach to solving blockchain challenges positions it as a notable player in the blockchain space. Pepe (PEPE) PEPE is a deflationary memecoin launched on the Ethereum blockchain as a tribute to the Pepe the Frog internet meme created by Matt Furie. The project aims to capitalize on the popularity of meme coins like Shiba Inu and Dogecoin, positioning itself among the top meme-based cryptocurrencies. PEPE appeals to the cryptocurrency community through a no-tax policy and straightforward approach, embracing its identity purely as a memecoin without utility. In late April to May 2023, PEPE experienced a significant surge, with its market capitalization reaching up to $1.6 billion. This rapid growth attracted a strong community of followers and sparked interest in other memecoins, leading to increased market activity. The PEPE roadmap includes listings on major exchanges and plans for broader recognition through a “meme takeover.” Its performance reflects the dynamic nature of the cryptocurrency market, and it continues to draw attention in the current market cycle. Conclusion SUI and PEPE show promise, but XYZVerse (XYZ) emerges as the top pick, uniting sports fans with memecoin hype for exceptional growth. You can find more information about XYZVersus (XYZ) here: Site , Telegram , X NewsBTC
