Из жизни альткоинов

Венчурный инвестор Джейсон Калаканис (Jason Calacanis) раскритиковал компанию-разработчика программного обеспечения MicroStrategy за слишком агрессивную покупку биткоинов. Инвестор опасается, что такая стратегия может нарушить децентрализацию Биткоина.

Генеральный директор Real Vision заявил, что последние дни года могут ознаменоваться резким ростом криптовалютного рынка. Свои выводы он сделал, опираясь на историческое поведении крупных монет.

Глава крупнейшей российской майнинговой компании BitRiver Игорь Рунец заявил, что закон о майнинге и ограничения обращения цифровых валют позволят вывести Россию в мировые лидеры по добыче криптовалют уже через два-три года.

On-chain data shows the Litecoin Daily Active Addresses indicator has seen a significant increase this year as compared to the last one.

Litecoin Average Active Addresses Have Been Notably Higher This Year

In a new post on X, the market intelligence platform IntoTheBlock has discussed about the year-on-year growth in the Daily Active Addresses for Litecoin. The “Daily Active Addresses” refers to a metric that measures the total number of addresses that are participating in some kind of transaction activity on the network every day.

When the value of this indicator goes up, it means the unique number of addresses making transfers on the blockchain is rising. As the unique number of addresses can be equated with the unique number of users, this kind of trend implies traffic on the chain is increasing.

On the other hand, the metric registering a decline suggests investor interest in the cryptocurrency may be waning as not many users are participating in on-chain activity.

Now, here is a chart that shows the trend in the Litecoin Daily Active Addresses over the past year:

As is visible in the above graph, the Litecoin Daily Active Addresses started 2024 very strongly, but the metric cooled off soon after. There have been some bursts of activity since then, but on the whole, the indicator has shown a consistent sideways trajectory.

On average, there have been around 401,000 addresses interacting on the blockchain every day this year. While this is significantly lower than the massive 1.37 million high from January where LTC surpassed both Bitcoin (BTC) and Ethereum (ETH), it’s still almost 10% higher than the 366,000 average from 2023.

Historically, Litecoin has generally tended to do well in terms of activity-related metrics, due to the fact that the network offers cheap and fast transactions. The traffic growth that LTC has witnessed compared to the previous year would imply users are still being attracted to the chain for its use as a mode of payments.

Recently, the miners have also been investing into the network, as the total LTC hashrate, a measure of the miners’ computing power, has been on the rise. Below is a chart from CoinWarz that displays this trend.

Growth in the Daily Active Addresses is usually constructive for any cryptocurrency, as it means that there is rising interest in the network, which can potentially help fuel price moves. LTC hasn’t exactly been doing the best in terms of price action lately, but the strong traffic and miner confidence may help it reverse course.

LTC Price

Litecoin had plunged toward the $86 mark at the end of last week, but it appears the coin has seen a jump since then as its price is now trading around $110.

The US tax regulator, the Internal Revenue Service (IRS), has restated its stance on cryptocurrency staking, clarifying that rewards generated from staking activities are taxable as soon as they are received. The IRS added that staking rewards do not constitute new property, and are therefore subject to immediate taxation upon generation.

IRS Confirms Crypto Staking Taxable On Receipt

According to a recent Bloomberg report, the IRS reiterated its position that digital asset staking rewards should be taxed as income as soon as they are generated and made available to the recipient. This outcome of the case is expected to have wide-ranging implications for the treatment of staking rewards under US tax laws.

The regulator further clarified that staking does not result in the creation of new property, refuting comparisons to farming, manufacturing, or creative works. The IRS’ decision dismisses the argument that staking-generated cryptocurrency should only be taxed upon sale or exchange.

The IRS’ stance is regarding an ongoing legal dispute involving Tennessee residents, Joshua Jarrett and Jessica Jarrett. The couple – who staked cryptocurrency on the Tezos (XTZ) network – argued that their staking rewards should not be taxable until they are sold or exchanged for other assets. They contended that their rewards represented “new property,” akin to crops harvested by a farmer or a book written by an author.

However, the IRS countered that all rewards generated through staking activities constitute taxable income upon receipt. In its official statement, the agency remarked:

Revenue Ruling 2023-14 requires taxpayers who receive staking rewards to report the rewards as income at their fair market value upon having the ability to sell, exchange, or otherwise dispose of them.

For the uninitiated, crypto staking is the process of locking up cryptocurrency in a blockchain network to help validate transactions and secure the network, earning rewards in return. It typically involves proof-of-stake (PoS) or similar consensus mechanisms, allowing participants to earn passive income on their holdings.

The IRS’ 2023 guidance specifies that block rewards, including those earned through staking, are to be treated as income at the time they are generated. The tax liability for these rewards is based on their fair market value at the time of receipt, making it crucial for taxpayers to track the value of tokens as they are earned.

Background On The Tax Dispute

The Jarretts’ legal battle with the IRS began in 2021, when they filed a lawsuit over the taxation of 8,876 XTZ tokens earned as staking rewards in 2019. They argued that these rewards constituted “new property” and should not be taxed until sold or exchanged. 

Drawing comparisons to farming or manufacturing, the couple asserted that staking rewards should be treated like a farmer’s crops, a manufactured good, or an author’s manuscript – taxable only upon monetization.

In response, the IRS offered the couple a $4,000 tax refund, which they declined in hopes of setting a legal precedent for all proof-of-stake blockchain networks. However, the court eventually dismissed the case, ruling it moot due to the refund.

In October 2024, the Jarretts filed a second lawsuit, seeking a tax refund of $12,179 for taxes paid in 2020 on approximately 13,000 XTZ tokens earned through staking. They also sought a permanent injunction against the IRS’ current tax treatment of staking rewards. This case is ongoing and may have broader implications for how crypto staking rewards are taxed in the US.

To say that the IRS is hounding crypto investors would be disingenuous, as the regulator has taken several measures to make it easier for taxpayers to file their crypto taxes. That said, legal forces in the US are indeed going after individuals suspected of engaging in malicious activities, including crypto tax evasion.

In related news, an individual was recently sentenced to two years in prison for failure to report capital gains from crypto sales between 2017 and 2019. At press time, Bitcoin trades at $97,471, up 4.2% in the past 24 hours.

Эксперты компании QCP Capital заявили, что негативный новостной фон «поставил барьер» для рождественского ралли первой криптовалюты. Однако ситуация может измениться после 27 декабря, когда состоится экспирация, завершение опционов на биткоин и эфир.

Сооснователь и гендиректор криптовалютной торговой платформы Robinhood заявил, что его компания не планирует покупать биткоины, так как от этого может пострадать ее репутация.

A recent Bloomberg report has revealed that in 2024, Singapore was able to solidify its position as a leading digital asset hub in Asia, surpassing Hong Kong in “regulatory efficiency and appeal” to crypto firms.

Particularly, the city-state issued 13 crypto licenses this year, more than double the number granted in 2023. Prominent global players such as OKX, Upbit, Anchorage, BitGo, and GSR secured regulatory approval, highlighting Singapore’s growing attractiveness for digital asset operators.

In contrast, Hong Kong has faced “slower progress” under its licensing regime, with only seven fully licensed platforms and several others holding provisional permits.

Regulatory Differences Shape Regional Competitiveness

Amid this discrepancy, industry experts point to regulatory restrictions in Hong Kong as a significant factor behind its lag. They mentioned that the city’s stringent rules around custody of customer assets, token listing, and delisting policies have made it challenging for exchanges to operate profitably.

Additionally, trading is restricted to high-liquidity cryptocurrencies like Bitcoin and Ethereum, limiting opportunities for altcoin investments. This cautious approach has led prominent exchanges such as OKX and Bybit to withdraw their licensing applications in Hong Kong, redirecting their focus toward Singapore.

Angela Ang, senior policy adviser at consultancy TRM Labs noted:

“Hong Kong’s regulatory regime for exchanges is more restrictive in a number of ways that matter — such as custody of customer assets and token listing and delisting policies. This may have tipped the balance in Singapore’s favor.”

Diverging Approaches to Crypto Innovation

Singapore’s regulatory framework has been praised for its balanced approach, promoting collaboration between new entrants and established financial institutions.

Bloomberg pointed out that initiatives like Project Guardian and Global Layer 1, backed by the Monetary Authority of Singapore, aim to accelerate asset tokenization and drive blockchain adoption across wholesale financial markets.

These efforts have positioned Singapore as a long-term, stable choice for companies seeking a regional headquarters for their digital asset operations.

In contrast, while Hong Kong has also achieved milestones, such as the sale of HK$6 billion ($770 million) in tokenized green bonds and the launch of Bitcoin and Ethereum spot exchange-traded funds (ETFs), adoption has been slower.

The combined assets under management for these ETFs in Hong Kong stand at around $500 million—significantly lower than the $120 billion held by equivalent products in the United States.

Experts suggest that Hong Kong’s emphasis on established financial institutions leaves limited space for innovative startups, slowing the pace of digital asset sector growth. Roger Li, co-founder of One Satoshi stated: “It’s quite a high standard to meet and be profitable.”

Featured image created with DALL-E, Chart from TradingView

Налоговая служба США (IRS) объявила, что обязательства криптоинвесторов возникают сразу после получения вознаграждения за стейкинг, независимо от того, что криптоактивы хранятся на их балансе и не проданы.

According to local reports, the Russian government will ban crypto mining activities in ten key regions following the recent enactment of the new industry-related laws. It will also implement seasonal bans on other territories and potentially add more areas to the list amid the ongoing electrical crisis in the country.

Key Regions Face 6-Year Mining Ban

On December 24, local news agency TASS revealed that the Russian government approved a list of key regions and territories where crypto mining activities will be banned starting January 1, 2025. The ban aims to “maintain the balance of energy consumption” and will be effective until March 15, 2031.

According to the report, the measure includes a six-year ban on all crypto mining and mining pool activity in the Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, Donetsk and Lugansk People’s Republics, Zaporizhzhya, and Kherson regions.

Additionally, the prohibition is temporarily extended to some territories of the Irkutsk region, Buryatia, and Zabaikalsky Krai during the energy consumption peaks. These areas will face a seasonal ban from January 1 to March 15, 2025, and from November 15 to March 15 in the following years.

The government also noted that the list of regions is not final and will be modified based on potential electricity sector developments. Experts told the local news agency that the ban is related “not only to the local electrical shortages but also to electricity payment privileges in some regions.”

Sergei Kolobanov, deputy director of the Center for the Economy of Fuel and Energy Sectors, explained that the ban “is synchronized with the end of the transition period for this benefit’s elimination.”

Crypto Mining Landscape In Russia

In September, Abdulmuslim Abdulmuslimov, prime minister of the southern Republic of Dagestan, urged the Russian government to take stronger actions against illegal mining centers in the region, asking authorities to pay more attention to the evolving methods miners develop to operate.

The following month, Deputy Minister of Energy Evgeny Grabchak revealed that the ongoing electrical crisis in key areas made offering large power capacities nearly impossible until 2030. As reported by Bitcoinist, Evgeny Grabchak announced that all kinds of mining would be banned in specific regions of Russia following a recently signed law by President Vladimir Putin.

In October, President Putin approved a law to regulate digital currency turnover, aiming to expand the government’s control over crypto mining activities. This legislation took effect on November 1 and allows the Russian government to prohibit mining activities in specific regions or individual territories and determine the conditions and cases of the restrictions.

Moreover, the amendments enabled the government to regulate the activities of companies providing mining infrastructure. It also allowed the Federal Tax Service to control the miners’ register, which the Ministry of Digital Development handled.

Notably, the registry is part of the legislation signed in August to give the mining sector a legal status within the country. Since it took effect on November 1, over 150 firms have applied for a crypto mining license to operate legally in Russia.

Crypto analyst Ali Martinez has indicated that there is a looming parabolic rally for the Dogecoin price. Martinez predicted that the foremost meme coin could rally above $1 and reach as high as $20 if history repeats itself.

Dogecoin Price Set For Rally Above $1 

In an X post, Ali Martinez shared an accompanying chart showing that the Dogecoin price could rally above $1 if it reaches the middle boundary of the ascending channel. Specially, this middle boundary puts Dogecoin’s target at $1.9. Meanwhile, the foremost meme coin could reach as high as $20 if it reaches the upper boundary of the channel. 

Martinez shared this chart while alluding to historical trends, which indicated that a parabolic rally is on the horizon. The analyst noted that in 2017, when Dogecoin began a parabolic run, it surged by 212%, then retraced by 40%, before it rallied by 5,000%. In 2021, DOGE rallied 476%, retraced 56%, and then skyrocketed 12,000%.

Therefore, the Dogecoin price could follow this historical pattern again. Dogecoin has already surged 440% in this market cycle and then retraced by 46%. If history repeats itself, DOGE could record another parabolic rally like the 5,000% and 12,000% rallies, respectively. 

Crypto analyst Trader Tardigrade also recently mentioned that the Dogecoin price has formed an ascending channel from the bottom, reaching near the upper line of the channel. In line with this, the analyst stated that a breakout could happen at any moment from here. He alluded to the large candle that was observed in January 2021 and suggested that a similar occurrence was likely in January 2025. 

Trader Tardigrade noted that Elon Musk will officially assume his duties as head of the Department of Government Efficiency (D.O.G.E) in January 2025. The analyst believes this is one factor that could propel the Dogecoin price to new highs. 

A Price Rebound Is Imminent

In a recent X post, Ali Martinez suggested that a Dogecoin price rebound was imminent. He stated that the TD Sequential presents a buy signal on the DOGE daily chart, anticipating a price rebound. His accompanying chart showed that a rebound could send Dogecoin to $0.48 in the short term. 

Trader Tardigrade also suggested that a rebound is imminent. He stated that the Dogecoin price is finishing the first half of the second wave. He noted that Dogecoin hasn’t touched the orange line on the accompanying chart but is very close. In line with this, the analyst stated that Dogecoin will resume its uptrend very soon. 

At the time of writing, the Dogecoin price is trading at around $0.32, up over 2% in the last 24 hours, according to data from CoinMarketCap. 

Bitcoin has been struggling to reclaim the $100,000 mark, facing persistent resistance while finding strong support around $94,000. Yesterday brought an interesting twist to the crypto market. While BTC grappled with selling pressure and volatility, Altcoins stole the spotlight, with many posting impressive gains of over 10%. This shift hints at a potential change in market dynamics.

Top analyst Jelle recently shared insightful data on X, highlighting a significant development in the Bitcoin dominance chart. According to Jelle, BTC dominance has broken down, and the breakdown has been confirmed, signaling a possible shift of capital flow toward Altcoins. This trend suggests that an Altseason—a period characterized by massive gains across Altcoins—could be on the horizon.

Altseasons have historically followed periods of BTC consolidation as investors look for higher returns in alternative cryptocurrencies. With BTC dominance weakening and Altcoins showing strength, the coming weeks could provide exciting opportunities for traders and investors seeking to diversify their portfolios. While Bitcoin continues its battle to break above six figures, the focus may temporarily shift toward Altcoins poised for explosive growth.

Bitcoin Euphoria Spreads Into Altcoins

The recent euphoria Bitcoin has experienced over the past few months is beginning to shift toward Altcoins, a natural flow in the crypto market where liquidity typically moves from BTC to alternative cryptocurrencies. This shift is becoming more evident as recent price fluctuations suggest that Altcoins are gearing up for a surge. After Bitcoin’s dominance and bullish sentiment in the market, Altcoins are now showing signs of strength, with many posting impressive gains.

Top analyst Jelle recently shared a detailed technical analysis on X, revealing that Bitcoin dominance has broken down and confirmed this breakdown, which could mark the beginning of a new phase in the market. According to Jelle, the next Altseason, which historically follows periods of BTC consolidation, could be right around the corner, with a strong potential to kick off in 2025.

Once Bitcoin dominance drops below the critical 55% level, a massive Altseason is likely to follow. This could lead to explosive price movements in Altcoins, offering traders and investors a new opportunity for growth. 

As BTC struggles to maintain dominance and faces resistance at key levels, Altcoins may become the next big winners. The combination of market sentiment, liquidity shifting, and key technical breakdowns suggests that the coming months could be filled with strong performances from alternative cryptocurrencies.

BTC Holding Key Demand Levels

Bitcoin is currently trading at $94,000 after testing the $92K level once again and holding it as strong support. This key demand zone has proven resilient, indicating that buyers are still active around this level. 

If BTC manages to hold above the $95K mark in the coming days, a reclaim of the $100K threshold would likely follow, confirming the continuation of the bullish trend. However, there is a high risk of a drop below $92K, which would trigger a sell-off and could lead to a deeper correction.

If BTC remains above $92K, it would signal strength and support the bullish outlook, providing confidence to investors. On the other hand, if the price fails to maintain this support level and drops below $92K, it would suggest weakness and could prompt further selling pressure, potentially pushing the price lower.

 For the immediate short-term, staying above $92K is critical for maintaining momentum. A failure to do so could alter market sentiment and result in a shift towards bearish price action. Therefore, the next few days will be pivotal in determining Bitcoin’s near-term direction.

Featured image from Dall-E, chart from TradingView

Bitcoin’s short-term outlook continues to appear negative as volatility mounts in the general crypto market. Over the past few days, the digital asset has dropped as high as 11% since reaching a new all-time high, triggering speculation within the community about an extended price correction to previous support levels.

Is Bitcoin Due For A Prolonged Price Pullback?

The recent bearish performance of Bitcoin may extend significantly in the upcoming days. Crypto expert and Market Sniper trading bot creator Jesse Olsen has highlighted past patterns suggesting that BTC might be on the verge of a huge price pullback.

According to the market expert, Bitcoin could drop as much as 30% in the following days. Drawing parallels to past cycle trends, Jesse Olsen highlights that these kinds of corrections are typically during significant uptrends.

Specifically, Olsen foresees a notable pullback as Bitcoin undergoes a bearish crossover on the Moving Average Convergence Divergence (MACD) indicator. This is because Bitcoin’s price experienced at least a 30% correction the last 3 times the MACD indicator had a bearish crossover on the 3-day chart at high levels.

As price fluctuates, the analyst has pointed to four key levels to watch out for, such as $92,000, $85,000, $80,000, and $70,000, once BTC’s downtrend extends. Should BTC hit 4 out of 4 targets, this implies that the crypto asset could drop to the $70,000 range.

Given that Bitcoin’s long-term outlook remains bullish, the anticipated correction may offer a positive reset for the market. Furthermore, it could provide an opportunity for new investors to purchase BTC before resuming its upside momentum toward previous resistance levels.

Olsen’s prediction also aligns with that of senior analyst at the CoinDesk news outlet James Van Straten, who forecasts a similar level of pullback in the upcoming days. The analyst cites several important support levels in determining Bitcoin’s next direction.

After examining the BTC’s Entity-Adjusted URPD metric, Van Straten claims that $90,000 is the next key support point for the digital asset. With no support established at this point, the $75,000 threshold could be feasible once BTC loses the $90,000 support point. Thus, the move from $90,000 to $75,000 marks the much-expected 30% pullback completion.

BTC At A Critical Moment

Despite ongoing market volatility, BTC has formed the most crucial trendline. Titan of Crypto, a market expert, considers the trend the most crucial for BTC as its next direction hinges on a breakthrough from the line.

Related Reading: Impending Bitcoin’s Price Correction May Be Brief If This Key Trend Persist

Given the significance of the development, the expert claims there is no cause for alarm as long as it stays above this trend line. Even though the monthly candle does not now appear bullish, one week remains before it closes, suggesting a possible resurgence.

Presently, Bitcoin has dropped by over 2% in the past day to $93,977. Its daily trading volume is showing a rising optimistic sentiment among investors as it increases by nearly 6%.

Crypto analyst TradingShot has provided insights into the Bitcoin price recovery to $150,000. He analyzed the Fibonacci levels to provide insights into how Bitcoin could reach this new high, although the analyst suggested that there could be more price correction before that happens. 

The Bitcoin Price Recovery To $150,000

In a TradingView post, TradingShot stated that the next high is on the horizon as the Bitcoin price has already entered phase 3 of the bull cycle. This next high is expected to be on the -0.5 horizontal Fibonacci extension and on the 2.0 Channel Fibonacci extension at the price of $150,000, which is the next technical extension of the Channel. 

The crypto analyst cited phases 1 and 2 of the Bitcoin price bull cycle, noting that they started a multi-month accumulation phase with a potential maximum correction to the 0.382 Fib again. In line with this, TradingShot raised the possibility of another 100% rally and a possible top at $200,000 as phase 3 concludes. 

The analyst’s accompanying chart showed that the Bitcoin price could reach this $200,000 target between October and December 2026. This aligns with Standard Chartered’s prediction that Bitcoin could hit this price level by year-end 2025. Meanwhile, TradingShot also provided more insights into the current BTC price action. 

The analyst revealed that the Bitcoin price has touched its 1-day 50 moving average (MA) for the first time in over 2 months and is now rebounding. He added that the first presence of short-term buyers was actually felt last week when Bitcoin came close to the 50 MA again and rebounded aggressively. This is said to be a natural technical reaction during such aggressive uptrends. 

TradingShot noted that the key support level during BTC bull cycles is the 1-week 50 MA, which has acted as support since March 2023 and was successfully tested twice on August 5 and September 6, the latter of which was what technically started the current bullish leg for the Bitcoin price.

Further Analysis of the Fibonacci Channel Up

TradingShot provided a further analysis of the Fibonacci Channel Up. He noted that bullish legs are technically part of Channels. This time is no different as the Bitcoin price has been trading on a Fibonacci Channel Up since the very bottom of the last Bear cycle on November 21, 2021. 

In phase 1 of the bull cycle, the Bitcoin price is said to have traded within the Fib 0.0 to 1.0 range. In phase 2, Bitcoin traded within the 0.5 to 1.5 range. For phase 3, TradingShot stated that he expects the flagship crypto to trade within the Fib 1.0 to 2.0 range. 

The analyst highlighted the high symmetry between sequences, legs, and pullbacks within this pattern. He remarked that the one that stands out is that rallies so far tend to lead to a 100% surge. Specifically, TradingShot alluded to the April 14, 2023, and January 11, 2024 highs of over 100% rallies. The Bitcoin price then pulled back towards the 0.382 Fib retracement level. Therefore, this similar price action could play out for phase 3.  

Nokia, a Finnish telecoms company, is joining the crypto revolution. According to reports, Nokia has developed a technology for encrypting digital assets and addressing vulnerabilities.

The Finnish company formally applied for a patent for the encryption of digital assets with the Chinese Intellectual Property Administration last June 2024.

The patent, with publication number CN 119155674 A, identifies a device method and computer program to protect assets from vulnerabilities.

Nokia’s latest move reflects its growing commitment to blockchain technology after decades of being associated with the production of mobile devices.

Nokia: Encrypting Digital Assets

The patent’s abstract proposes encrypting a digital asset by initially using a key. Then, the asset will have another layer of protection using encryption, meaning only the user who holds the key can access the asset.

For example, an encrypted XRP or ADA will not be accessible to anyone except the person with the private key to these assets. As such, these digital assets are protected from hacking.

The proposed encryption process extends to indexing, identifying, and verifying these digital assets. In short, only the person who holds the key can use these assets for any type of online transaction, and they can only decrypt them after the transaction is confirmed.

Nokia’s latest pending patent addresses the growing problem of holders and investors who have experienced crypto theft and hacking.

Nokia’s Entry Into The Blockchain Niche

Nokia is expanding into the blockchain niche and saw an opportunity in the vulnerability of digital assets. Chainalysis reports that over $2.2 billion was lost to cryptocurrency hacking in 2024, underscoring the need for new security measures.

Nokia’s new patent on crypto encryption follows its initial investment in the Data Marketplace for enterprises in 2021. The company’s Data Marketplace runs on blockchain technology and is an attempt to expand its portfolio and venture into blockchain.

While having a patent doesn’t guarantee that Nokia will eventually develop the system, this technology can be used as the basis for future developments.

More Firms Are Venturing Into The Blockchain

Aside from Nokia, more traditional firms are now venturing into the cryptocurrency industry, reflecting the technology’s growing popularity and use cases. For example, Sony uses an existing blockchain technology with an R&D group working on Web 3.0. Other companies, like Apple and Microsoft, are creating their technologies and patents.

While many of these firms are still developing and researching blockchain products, a few companies are solidly invested in the technology. Mastercard is a perfect example, with two patents allowing trustless payment transactions through smart contracts and a system that converts cryptocurrencies to fiat.

Featured image from Reuters, chart from TradingView

Российские банки обязали на два дня приостанавливать любые движения средств по счету клиента в цифровых рублях при подозрении, что у счета «есть признаки мошенничества». Указание центробанка вступит в силу 23 февраля 2025 года.

Will your ship arrive in 2025? Time to call up new meme coins that can do the work for you in the new year. 

If ever there was a year of meme coins, 2024 has been it, and the momentum could continue well into 2025. 

Meme coins have outperformed every expectation in 2024, with big names like Dogecoin ($DOGE) and Shiba Inu ($SHIB) seeing between 200% and 400% growth across every metric this year. And they seem to be hanging onto much of these gains, despite some noticeable volatility in recent days over the Fed’s hawkish attitude to crypto.

No Stopping the ‘Meme SuperCycle’ 

Overall, there’s no holding these puppies back, with $DOGE boasting a 433% growth in market cap over the year. New meme coins like Wall Street Pepe ($WEPE) and Solaxy ($SOLX) on the presale horizon are showing similarly ‘ridonculous’ gains potential.

Investor Murad Mahmudov believes the meme coin supercycle is still in full swing, and that the meme coins you hold today will determine your wealth by 2025-2026. 

To help you pick and hold the right coins as the year comes to a close, we’ve lined up 4 that could turn $100 into $1,100 in 2025. We’ve selected them as much for their utility as for their promising presale performance.

Let’s get into it!

Wall Street Pepe ($WEPE) Builds a Retail Investor Army, Tops $35M in Presale 

$WEPE has brushed off the market’s bad attitude, raking in $35M in the first three weeks of its ICO, with little sign of slowing down.

Wall Street Pepe marched onto the scene after its unaffiliated successor, Pepe Unchained ($PEPU), saw a staggering 592.43% gain after listing earlier this month.

Like $PEPE, our chill little frog bro $WEPE has picked up some serious Mr. Toad swagger, armed with the combined wits of his devoted ‘frog army’. $WEPE’s ability to build an investment community that could beat the Wall Street Whales at their own game is its main strength.

Its endorsement as an upcoming token by top wallet provider Best Wallet also serves as a strong indicator of its post-listing gains potential.

Today, the price of 1 $WEPE is $0.0003654, so it’s best to get in now before the next price increase. You can also join the Wall Street Pepe investment community on X and Telegram.

Solaxy ($SOLX) Enhances Solana Scalability With Its Layer-2 Solution

A week since launch, Solaxy’s native token $SOLX is flexing an almost $4.9M raise.

Solaxy has piqued investors’ interest with its plan to build a Layer-2 protocol on Solana to better handle high-traffic applications like meme coin trading. This project promises to reduce the delays some have experienced on the Solana blockchain. Because thousands of meme coins are launched and traded on Solana, this is a positive development for all degen traders. And as a multi-chain project, Solaxy brings the strengths of the Ethereum blockchain to the table.

You can buy $SOLX from the official presale website using $ETH, $USDT, and by credit or debit card.

 Read the whitepaper or join $SOLX on Telegram or X for more info on this exciting project.

Flockerz ($FLOCK) Is Up $7.7M Despite Market Cooling, Presale to End Soon

$FLOCK has continued to attract significant interest and capital despite the market dip, with over $7.7M raised in its presale so far.

This may be because Flockerz is more than just another quirky cartoon-themed meme coin. It introduces a new approach to meme coin governance with its innovative Vote-to-Earn (V2E) mechanism. This lets community members vote on key decisions regarding the project’s future and earn crypto rewards for their participation. 

This unique approach reinforces expectations of sustained engagement and decent post-listing performance.

For early investors looking to join the migration, one $FLOCK token is currently available for $0.006504. The presale is set to end in 29 days, so now may be the best chance to get $FLOCK at a pre-listing price. Join the Flockerz community on X and Telegram for updates.

Meme Index ($MEMEX) Makes Meme Coin Investing Easy

Meme Index is a new presale token that aims to help investors pick the right meme coins and diversify risk. Meme Index will give investors an at-a-glance view of the top meme coins of the day, sorted into four categories based on maturity and volatility.

The index will let you filter tokens according to your risk appetite. You can opt for ‘Titan’ coins like $DOGE, which offer the most stability, or take a shot with ‘Moonshot’ coins with a potential for 100x growth. If you’re feeling lucky, you can check out the ‘Frenzy’ coins – hot new meme coins showing early signs of success. 

Since launching, the $MEMEX presale has raised nearly $300K with one token currently priced at $0.01457.

Hope for the Best But DYOR

As the year winds to a close, you may have some time on your hands to dabble in meme coin trading. While all of these best meme coins show undeniable promise of 10x gains in 2025, if we’ve learned anything of late, it’s that the market continues to evolve and shift in unpredictable ways. That’s why we encourage you to do your own research and never invest more than you can afford to lose.

The small fish may be reacting to market-wide selling pressure, but institutional crypto investors have adopted a different stance, pouring hundreds of millions into digital asset investment vehicles last week. 

According to a CoinShares report, digital asset investment products saw inflows totaling $308M, masking December 19’s $576M outflows (the single largest day). Total outflows in the final 48 hours of last week stood at $1B. 

“While these outflows may sound alarming, they comprise just 0.37% of total AuM (assets under management), ranking as the 13th largest single-day outflow on record,” the report notes. “The largest single-day outflow took place in mid-2022 when the FOMC (Federal Open Market Committee) interest rate hike prompted $540M outflows (2.3% of AuM.)”

Price corrections, meanwhile, saw a $17.7B reduction in total AuM for digital asset exchange-traded products (ETPs), which CoinShares attributes to a market response to economic projections released by the FOMC on December 18. The US economy is forecast to grow 2.5% this year and 2.1% in 2025. 

Institutional Crypto Investors Favor $BTC and $ETH

CoinShares adds that multi-asset investment products experienced the most dramatic outflows in the same period, at a total of $121M last week.

On the other hand, Bitcoin ($BTC) saw $375M in net inflows, compared to Ethereum’s ($ETH) $51M. Whales played a significant role in $ETH inflows over the past few days, acquiring more than $1B (340K $ETH) despite $ETH’s current correction phase. 

Meanwhile, Binance reports that $ETH exchange-traded funds (ETFs) saw net inflows of $62.73M between December 16 and December 20. That brings the cumulative historical net inflow of $ETH ETFs to a total of $2.328B, with a total net asset value of $12.155B.

Whale Activity To Spur Meme Coin Crypto Prices

$ETH isn’t the only token attracting whales. Despite the recent dip, Dogecoin ($DOGE) has also seen increased whale activity, with two recent transactions totaling $23.5M and $34M respectively.

Typically, whale inflows signal investor confidence and act as a precursor to a crypto rally, so it appears market sentiment is about to change. 

That’s particularly good news for meme coin newcomers, including the recently listed Pepe Unchained ($PEPU) and Crypto All-Stars ($STARS), as well as Wall Street Pepe ($WEPE), which is currently on presale. 

Wall Street Pepe has a personal vendetta against whales trading in insider groups. That’s why he is assembling an army of retail investors. And by sharing his trading knowledge and market insights with them, he’ll turn those little guys into whales in their own rights. This clear and relatable goal makes $WEPE one of the best meme coins this December.

Despite a broader market turndown, investors have been flocking to the $WEPE presale. Since launching just 21 days ago, $WEPE raised over $35M, including $1.67M in the past 24 hours. This also raises the question: could $WEPE be the token that dethrones $PEPE?

Time for Retail Investors to Lead the Charge

$WEPE’s current price of $0.000365 is due to increase today. Even then, it will be a great early-bird investment—and an opportunity to support $WEPE’s mission to even the playing field for retail and institutional crypto investors.

But first, please take the time to DYOR; this article does not constitute financial advice. Find out more by visiting the official website, reading the $WEPE whitepaper, and checking out the X channel.

Who would have thought that a gang of blue birds could be so profitable? The new meme coin Flockerz ($FLOCK), on presale for another 29 days, has just hit $7.7M in token sales. Proving that it has some serious momentum behind it as it enters the final stretch.

So if you want to get in on some birdy action, you only have less than a month to buy your tokens at the cheaper presale price. After that, investors will start claiming their tokens and $FLOCK will list on DEXs – at a higher price.

Flockerz Is The First Crypto Where You Vote To Earn More

Every new crypto project should ideally have a unique selling point, and Flockerz doesn’t disappoint. If you buy $FLOCK coins, you earn the right to vote on Flockerz’s future direction. And when you vote, you earn more tokens. Welcome to Flocktopia!

As Flockerz says, “you own the future,” which kind of ties in neatly with Wall Street Pepe ($WEPE)‘s mission of bringing big rewards to small investors. Pepe is, of course, a frog, which shows that 2025 is the year when cute little animals will hopefully bring big handsome profits. 20% of $FLOCK’s total token supply is set aside for early investor rewards, while $WEPE is providing 15% for its top frogs. Influencers like Clay Bro consider both some of the best meme coins of the year.

Right now, the $FLOCK token price is $0.006504, with a stupendous staking APY of 356%. You can buy Flockerz ($FLOCK) through their website by connecting your wallet and handing over your cash, $ETH, or $USDT. Then, wait a month and see how much your $FLOCK is worth when it launches. Maybe you’ll make enough to fly south for the winter, like our feathered buddies?

Best Wallet Makes Buying Meme Coins Absurdly Easy

If you don’t have a crypto wallet yet and are into meme coins, Best Wallet might be your best bet. Its presale aggregator greatly simplifies buying new meme coins. No more jumping through hoops. With support for thousands of different tokens and 50+ chains, you can connect it to the Flockerz presale in seconds and secure your share of $FLOCK while it’s still available.

When you use Best Wallet, you’ll get the best exchange rates and lowest processing fees thanks to the platform’s high liquidity. And if you own the upcoming $BEST tokens, you’ll get even lower transaction fees. You can also apply for a Best Card, so you can spend your crypto balance in offline shops (yes, they still exist), and get an 8% cashback.

Always Verify And Confirm Your Information

As usual, we remind you that we can only predict which crypto coins will do well. We can’t guarantee that Flockerz will lay any golden eggs. So before you hand over any of your hard-earned cash, make sure to do your own research and come to your own conclusions.

Never take anybody’s word for it – including ours! Always decide for yourself. And never invest more than you can potentially afford to lose.

Shiba Inu (SHIB), one of the most talked-about meme coins in the cryptocurrency space, has seen a notable surge in whale activity in the past 24 hours. Particularly, data from on-chain analytics platform IntoTheBlock reveals a 265% increase in whale transactions within the past 24 hours.

Interestingly, this surge in whale activity is more notable as it comes after days of extended decline and profit-taking among Shiba Inu investors. As such, it opens up the discussion as to whether the Shiba Inu price could rebound from here and make the drive towards new highs.

Shiba Inu Whale Activity Picks Up After Notable Decline

Data from IntoTheBlock reveals an interesting trend in Shiba Inu whale activity in recent weeks. This interesting trend in Shiba Inu whale activity is revealed through the platform’s “Large Transactions” metric, which provides stats about transactions with a value of $100,000 or greater. 

According to this metric, whale transactions regarding Shiba Inu have generally been on a decline since the second week of December. Interestingly, this trend of low whale activity is relayed through the meme coin’s price, which has been marked by a notable decline since December 7. For context, the Shiba Inu network recorded 18.85 trillion SHIB tokens moved in large transactions on December 10. By December 22, this figure had dropped by about 94% to 1.07 trillion SHIB, which shows the subdued state of whale activity over the past few days.

However, the past 24 hours have been highlighted by a change in whale activity and large transactions. According to IntoTheBlock’s data, the volume of large transactions has surged to 3.75 trillion SHIB tokens, representing an impressive 250% increase compared to the previous 24 hours. This resurgence is not just confined to token volumes but extends to the monetary value of these transactions. Over the last 24 hours, large transactions have amounted to $84.24 million, a staggering 265% jump from the $23.06 million recorded in the preceding 24-hour period.

Market Impact Of Rising Whale Activity – Can SHIB Drive Toward $0.00004?

The resurgence in whale activity raises several questions about what could be driving this sudden uptick. It is possible that large holders are beginning to accumulate SHIB tokens again, potentially in anticipation of a broader market recovery as 2024 draws to a close. This renewed interest from whales could serve as an early indicator of a possible rebound in Shiba Inu’s price, particularly if it is accompanied by other bullish on-chain metrics such as increased active addresses and SHIB burns. 

At the time of writing, Shiba Inu is trading at $0.00002229, which has been up by 3.1% in the past 24 hours. This increase, although meagre, represents a change in the selling pressure that has clouded Shiba Inu in the past seven days. Furthermore, it tips the scale of recent surge in whale activity into accumulation and buying pressure. For SHIB to approach the $0.00004 level, it would need to sustain this buying momentum into the coming weeks.