4 hours ago
A widely followed crypto analyst is issuing a new warning about the digital asset market during the final days of the year. The pseudonymous analyst known as Altcoin Sherpa tells his 234,800 followers on the social media platform X that the crypto market may experience wild price swings to close out December. However, the analyst predicts markets may rally in January based on historical precedence. “We probably get one-plus more flushes before the year’s end, but keep your eye on the prize and manage yourself through the volatility. January is historically a great month for crypto. In my opinion, sell bags you don’t like as much for cash and save that to deploy on bags you do like.” The analyst also says that some crypto projects are showing strength amid the broad market sell-off such as decentralized finance protocol Usual ( USUAL ). “One note on the USUAL chart: if you see a coin standing out above the rest amidst insane market volatility, it’s usually a sign that this is a very good coin. This one didn’t budge when everything was down 20%. I added more on this dip and will add even more if it goes further… I bought anywhere from like $1.08-$1.20 and I’ll continue adding. This one is a winner in my opinion. Hits a bunch of narratives, and I think that this one still outperforms a bunch of others.” Source: Altcoin Sherpa/X USUAL is trading for $1.25 at time of writing, down over 13% in the last 24 hours. Next up, the analyst suggests that Bitcoin ( BTC ) may soon hit a local market bottom after collapsing below $100,000 this week. “We’re getting close. I think that BTC should be finding a relative bottom very shortly, expecting a bit more downside and then some sort of reversal. Not sure if this is ‘the’ bottom but yeah, let’s see.” Source: Altcoin Sherpa/X Looking at his chart, the trader suggests that Bitcoin could decline to $90,911 on the four-hour chart before reversing. Bitcoin is trading for $97,325 at time of writing, a fractional increase in the last 24 hours. 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 Trader Issues Crypto Market Alert, Warns One or More Flushes Incoming Before End of Year – Here’s His Outlook appeared first on The Daily Hodl .
The Daily Hodl
You can visit the page to read the article.
Source: The Daily Hodl
Tags :
Altcoins Bitcoin BTC News usual
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.
Whales Accumulate $ENA As Ethena Reaches Record High TVL
Whale activity surrounding $ENA has surged in recent days, signaling strong confidence in Ethena’s growing ecosystem. Over the past three days, a newly established wallet has withdrawn 13.65 million $ENA (worth $13.42 million) from Binance, highlighting significant accumulation during the recent market dip. Whales are accumulating $ENA . Over the past 3 days, this newly created wallet has withdrawn 13.65M $ENA ($13.42M) from #Binance . https://t.co/yVzvPAUlYG pic.twitter.com/warF4CflA8 — Lookonchain (@lookonchain) December 20, 2024 In total, whales have purchased over 36.55 million $ENA amid the price correction, demonstrating their belief in the token’s long-term potential. This buying spree reflects increasing interest in Ethena as it solidifies its position as a key player in the DeFi space. During the recent price dip, whales bought over 36.55 million #Ethena $ENA ! pic.twitter.com/U410ClRCbW — Ali (@ali_charts) December 18, 2024 Data from DeFiLlama reveals that as of December 17, Ethena’s Total Value Locked (TVL) surpassed an impressive $6 billion, setting a new record high. A significant portion of this comes from the supply of USDe, which reached 5.933 billion, alongside USDtb supply amounting to 70.42 million. 据 DeFilama 平台数据显示，截止 12 月 17 日，Ethena TVL 突破 60 亿美元，创历史新高。其中 USDe 供应量达 59.33 亿枚，USDtb 供应量达 7042 万枚。 pic.twitter.com/djHY1oZPBA — BlockBeats｜We`re hiring! (@BlockBeatsAsia) December 17, 2024 These milestones underscore the growing adoption of Ethena’s ecosystem, particularly its innovative stablecoin solutions. The platform’s ability to attract substantial liquidity and whale interest highlights its strong market positioning and trust within the DeFi community. Ethena’s recent success can be attributed to its robust protocol design and the increasing demand for stablecoin and yield-generating opportunities. With whales actively accumulating $ENA and TVL climbing to new heights, the project is well-positioned for continued growth and influence in the decentralized finance sector. As investor confidence grows, all eyes remain on Ethena’s next developments, as it continues to push boundaries and drive innovation in the crypto space. 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: loft39studio/ 123RF // Image Effects by Colorcinch The Daily Hodl
Top 10 Gainers Of The Week: $USUAL, $MOVE, And $HYPE Lead Amid Market Volatility
While the broader crypto market faced significant turbulence this past week, a few tokens stood out by defying the downward trend. Among the top performers were newly launched tokens like $USUAL, $MOVE, and $HYPE, which maintained their bullish momentum. Even stablecoins showcased remarkable resilience, providing stability amidst the chaos. Interestingly, $Fartcoin and $BGB also moved counter to the market sentiment, continuing their upward trajectory. Top 10 Gainers in the last 7 days Amidst the bloodbath market, newly launched $USUAL , $MOVE , and $HYPE continued their impressive uptrend, while stablecoins showcased resilience during market turbulence. Also, $Fartcoin and $BGB are moving against the market. pic.twitter.com/eohXLRtA0L — CryptoRank.io (@CryptoRank_io) December 20, 2024 One of the standout tokens, $USUAL, gained significant traction in the market for tokenized U.S. Treasury bills. Two prominent market makers, GSR Markets and Amber Group, have played pivotal roles in $USUAL’s success. – Amber Group: Responsible for market making 12 million $USUAL tokens, Amber currently holds 1.6 million tokens worth $2.54 million, making it one of the top 12 holders. – GSR Markets: With market-making activities for 8 million $USUAL tokens, GSR now holds 2.76 million tokens valued at $4.4 million, ranking as the ninth-largest holder. 万红从中一点绿 GSR Markets 和 Amber Group 为近期 RWA 新秀 $USUAL 的做市商 Amber：做市数量 1200 万枚，当前持仓 160 万枚（254 万美金），为当前持仓 Top12 地址 https://t.co/VPwkTU4cD5 GSR：做市数量 800 万枚，当前持仓 276 万枚（440 万美金），为当前持仓 Top9 地址… https://t.co/aEns7i3J0Z pic.twitter.com/qokr0q3IdY — Ai 姨 (@ai_9684xtpa) December 20, 2024 $USUAL boasts the highest market share in tokenized U.S. Treasury bills, surpassing competitors. It has attracted over 15,000 users, far outpacing the combined user base of other protocols like Ondo, BlackRock, and Mountain, which collectively have 5,200 users. Additionally, $USUAL contributes nearly 80% of the total value locked (TVL) for Hashnote, the leading on-chain T-bill provider. $USUAL has the highest market share in tokenized US T-bills right now. Ondo, BlackRock, Mountain, and other protocols have around 5.2K users, while $USUAL alone has 15K users. Around 80% of the TVL for the leading on-chain T-bill provider, Hashnote, also comes from Usual Money. pic.twitter.com/GXqppazGEl — hitesh.eth (@hmalviya9) December 20, 2024 As the market continues to navigate choppy waters, $USUAL’s performance highlights the growing demand for tokenized real-world assets, offering a glimmer of hope for investors seeking stability and growth opportunities. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: peshkov/ 123RF // Image Effects by Colorcinch The Daily Hodl
See Also
1 saat önce
DOGE Price Prediction for December 21
TRADING
-
XRP Defies Hourly Death Cross With 5% Price Jump
25 dakika önce
AAVE
-
Ethereum (ETH) Price Prediction for December 21
1 saat önce
