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XRP whales go on another buying spree; Is $3 next?

As XRP consolidates above the $2 support zone, whale transactions could provide the much-needed trigger to breach the $3 psychological resistance. Specifically, large holders with addresses containing 100 million to 1 billion XRP acquired 30 million tokens in a 24-hour window, according to on-chain data shared by prominent cryptocurrency analyst Ali Martinez on December 17. XRP whale transaction chart. Source: Santiment/Ali_charts Indeed, this was the second consecutive day of whale accumulation for XRP. On December 16, Martinez also pointed out that the holders acquired 830 million XRP within 24 hours. XRP whale transaction chart. Source: Santiment/Ali_charts The buying spree coincides with the recent XRP price growth, and such accumulation has historically preceded substantial rallies. XRP’s potential bull case Meanwhile, Martinez had earlier highlighted the possibility of continuation in XRP’s price appreciation. He noted that once XRP breaks the $2.60 resistance, it could ‘head toward $4.’ This follows his December 12 analysis, in which he identified a bull flag pattern on the four-hour chart. A bull flag is a continuation pattern marked by a sharp rally followed by consolidation within a downward-sloping channel. To this end, if the pattern is realized, XRP could hit a long-term target of $4. A similar bullish outlook was observed by a cryptocurrency analyst with the pseudonym Dark Defender in an X post on December 18. XRP price analysis chart. Source: Dark Defender The analyst stated that XRP has broken out on the daily chart, signaling bullish momentum after rebounding from the $2.72 level. This move follows the completion of an A-B-C corrective wave, a reversal pattern indicating the end of a downtrend, and the start of a new upward move. Additionally, the breakout from a descending triangle—a bullish continuation pattern—confirms XRP’s strength, with previous resistance now acting as support. The expert projected that a potential retest of $2.42 may occur, as breakouts often revisit former resistance to establish a stronger base before continuing higher. The Fibonacci extension at 161.8% projects a near-term target of $3.43. Fibonacci levels are used to identify potential price targets in trending markets, and clearing this level could open the path toward $5.85, the next significant extension. Besides the technical indicators , XRP is backed by additional fundamentals, such as Ripple’s RLUSD stablecoin rollout . In this case, RLUSD transactions burn small amounts of XRP, linking the two assets, a move likely to drive further growth. XRP price analysis XRP was trading at $2.54 by press time, having plunged by over 4% in the last 24 hours. However, on the weekly chart, the asset remains in the green, up almost 7%. XRP seven-day price chart. Source: Finbold Although XRP is exhibiting bearish sentiments in the short term, the overall market outlook remains bullish , supported by the current technical setup. At the current valuation, the Ripple-affiliated asset is trading above the 50-day simple moving average ( SMA ) of $1.39 and the 200-day SMA of $0.75, signaling strong upward momentum both in the short and long term. On the flip side, investors need to be wary of a possible price correction or consolidation for the short term, considering the 14-day relative strength index ( RSI ) stands at 68, approaching overbought territory. Featured image via Shutterstock The post XRP whales go on another buying spree; Is $3 next? appeared first on Finbold .

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Best Meme Coins to Buy this Christmas: New Tokens With Explosive Potential

The post Best Meme Coins to Buy this Christmas: New Tokens With Explosive Potential appeared first on Coinpedia Fintech News As Bitcoin surges into uncharted territory and traders brace for Donald Trump’s January inauguration, everything looks in place for an explosive Christmas rally. But what meme coins will perform best? Here are six tokens that could be poised to breakout. Wall Street Pepe Wall Street Pepe is a meme coin with a goal: to make its community better traders. The project blends character traits of Pepe coin and Jordan Belfort, aiming to cultivate an army of degens who want to make the most of this bull market. It’s equipping them with all the tools for success. This includes trading signals, meme coin picks, a trading insiders group, staking, and trading rewards. https://twitter.com/WEPEToken/status/1863905080426058015 By investing in the $WEPE token, traders don’t just benefit from the viral potential of a Wolf of Wall Street-esque Pepe alternative – they get unrestricted access to a professional ecosystem geared toward making money. Unsurprisingly, this concept is taking the market by storm. $WEPE launched via a token presale just eight days ago, and it has already raised a staggering $29 million. It’s selling out fast, so prospective buyers have no time to waste. Visit Wall Street Pepe Presale Crypto All-Stars Crypto All-Stars is another innovative meme coin project. It’s a meme coin staking platform that allows users to generate passive income on all the top projects. It supports Dogecoin, Shiba Inu, Pepe, Brett, Bonk, Mog Coin, Floki, and more. Users can stake these tokens and earn $STARS passively. It’s the first time many of these meme coins have had any utility outside of buying and selling. POV: You`re crossing the $STARS bridge on your way to the launch pic.twitter.com/f9fvtvZvSZ — Crypto All-Stars (@all_stars_coin) December 17, 2024 But here’s the kicker: users must hold $STARS to access the platform, and the amount they hold determines how much they can earn. As such, it’s not surprising that $STARS is in high demand. The token is available via a presale, and the total raise currently sits at $20 million. However, the presale ends in two days, and then $STARS will list on exchanges. Visit Crypto All-Stars Presale Solaxy This year, Solana has been the front-running ecosystem, continually attracting more users and generating more transaction volume than any other blockchain. But Solana isn’t perfect. The sheer stress of such high usage on the network causes congestion, scalability issues, and failed transactions. Solaxy is offering a solution. It’s the first-ever Solana layer 2 blockchain, promising to make the ecosystem more scalable and capable of further growth. https://twitter.com/SOLAXYTOKEN/status/1867318005660889427 Solaxy computes transactions on a separate layer 2 blockchain and reports them back to Solana for finality. This setup allows Solaxy to offer lower fees, high speeds, and a guarantee of no transaction failures. The project is undergoing a presale and has raised $1.7 million, over $1 million of which has come in the past day. Visit Solaxy Presale Flockerz Flockerz reaffirms that meme coins are a hotbed for innovation. Just as the Solana network is evolving, primarily because of meme coins, we’re also seeing projects like Flockerz develop new applications for meme coins. Flockerz has built the world’s first Vote-to-Earn decentralized autonomous organization (DAO). A DAO allows participants to vote on decisions relating to the project’s future. Think of it as a mini-government that runs everything. The flock isn`t messing around! Our Vote to Earn system is serious business! pic.twitter.com/mrWNyKrPy7 — Flockerz (@FlockerzToken) December 16, 2024 DAOs are nothing new in crypto. Projects like Aave and Uniswap have had them for years. However, hundreds of millions of people own crypto – but very few actually participate in these DAOs. Flockerz hopes to increase engagement by paying users to get involved. They’ll earn $FLOCK tokens for voting, which will not only create more ecosystem participation but also give the community a heightened sense of ownership and responsibility. It’s undergoing a presale and has raised $7 million so far. Visit Flockerz Presale Pepe Unchained Pepe Unchained recently launched on the open market after the most successful ICO of 2024. It raised $70 million and then soared 500% from its initial listing price, hitting a $400 million market cap. After some profit-taking ensued, $PEPU has now found strong support and has over doubled in price in under 48 hours. However, it remains 70% from its peak, presenting a solid entry for those who missed the initial pump. This week, Pepe Unchained has received centralized exchange listings on MEXC, BingX, and LBank. There are now whispers that Binance is coming next. Looks like #binance is on the list #PEPU $Pepu #Crypto #btc #memecoin #Layer2 #PEPE $Pepe pic.twitter.com/VooNBgLAiZ — Tsugi (@SeugiTrading) December 17, 2024 Pepe Unchained is a meme coin-focused Ethereum layer 2 blockchain that offers lower fees and 100x faster speeds than the Ethereum main network. The project also plans to launch Pepe Pump Pad, a two-click, no-code meme coin generator that will allow anyone to turn an idea into a meme coin in seconds. $PEPU is currently trading at a $65 million valuation. Visit Pepe Unchained Website Catslap Catslap is a meme coin that launched in November on the Ethereum network. It’s a cat-themed token, which has worked in its favor since Binance listed Simon’s Cat on Monday. Since the listing, speculation has circulated that Catslap may also be listed on the exchange soon. Catslap is more than your standard meme coin. It offers a “Slap-to-Earn” game akin to Popcat’s “Tap-to-Pop” game, expecting Catslap users to get paid to play. https://twitter.com/CatSlapToken/status/1868632734278586863 The project is also running an airdrop, which you can enter by playing the Slap-to-Earn game or completing social quests on Catslap’s Zealy page . Catslap also has features such as staking, burning, and buybacks, all adding to its growth potential. Currently, it’s trading at $0.004345 with an $18 million market cap and a $2.57 million 24-hour trading volume. Visit Catslap Website Finbold

Silencio Network Secures an Additional $2.5 Million in Seed Funding to Scale the World’s Leading Noise Intelligence Platform

Wilmington, Delaware, December 18th, 2024, Chainwire Silencio Network, the world’s largest decentralized environmental intelligence platform, has successfully closed a $2.5 million Seed funding round, solidifying its position as the leading innovator in decentralized infrastructure. Led by Blockchange Ventures, this round brings together continued support from Borderless Capital and Master Ventures, alongside new strategic backers such Finbold