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The Dogecoin price has been stuck in a state of correction and consolidation since the first week of December after a crazy multi-week rally that saw it peaking just below the $0.48 price level. Recent price action in the past 24 hours and seven days has been riddled by declines, with the RSI indicator reflecting a corresponding drop.

Crypto analyst Master Kenobi recently drew attention to this notable development in Dogecoin’s Relative Strength Index (RSI), highlighting its earlier break above 90% and comparing the current bull market with the patterns observed during DOGE’s 2021 rally.

DOGE RSI Mirrors That Of The 2021 Bull Market

Master Kenobi’s recent update on X outlines a striking similarity between Dogecoin’s RSI levels during the current cycle and those observed in the early stages of the 2021 bull market. In both instances, the RSI reached 90, which is far above the 70 threshold of overbought conditions. Particularly, the RSI indicator shows that the Dogecoin price reached overbought condition in November 2024 but continued to climb until early December.

Interestingly, the 2021 rally’s peak was followed by a significant cooldown, with the RSI dropping to 43% and the Dogecoin price plummeting by 55% over a 25-day period. Furthermore, Kenobi highlighted the RSI’s oscillation between two key lines at the 90 and 40 readings during the 2021 Dogecoin rally, which is a pattern that could repeat itself in the current bull market.

This time around, while the RSI has followed a similar trajectory of reversing after hitting 90 overbought condition, the price movement has been noticeably less severe. Over the 35 days since the RSI’s peak, the Dogecoin price has experienced a lesser 28% decline, which suggests it is now more stabilized than it was in the previous bull cycle.

What To Expect For Dogecoin Price?—Key Dates To Watch

As it stands, the Dogecoin RSI is currently around 43 and looks like it is going to decline further to 40. While the 2021 pattern doesn’t predict what will happen next, we can have an idea of what could play out next. If the pattern were to repeat itself, we could see the RSI rebounding towards the 90 reading at least two more times this cycle.

In an earlier analysis, Master Kenobi pointed out a narrowing timeframe between key RSI peaks across Dogecoin’s market cycles. From 260 days in the first cycle to 240 days in the second, and now 225 days in the ongoing cycle. Furthermore, the RSI consistently halts at similar levels, which showcases a degree of predictability in its behavior.

Kenobi also emphasized that DOGE appears to be slightly ahead of historical trends, and the RSI is holding above its moving average. This suggests that the current bull cycle may still have room for growth, especially as the industry moves into a more crypto-favorable landscape in the US and other countries.

Looking ahead, crypto analyst Master Kenobi highlights January 2, which stands out as a pivotal date to watch for Dogecoin. At the time of writing, the Dogecoin price is trading at $0.362 and is down by 5% and 13.3% in the past 24 hours and seven days, respectively.

Jerome Powell, chair of the US Federal Reserve, recently dismissed speculations that the Fed may add Bitcoin to its reserves. At the end of the its two-day meeting, Powell stated that the Fed isn’t allowed to own Bitcoin and doesn’t desire to get involved in any government initiative to create a stockpile of digital assets. 

The Bitcoin announcement comes after the Fed announced rate cuts while signaling uncertain monetary policies in the next few months. Powell’s announcement was surprising when President Donald Trump announced key appointments of crypto-friendly personalities. The market immediately reacted to Powell’s statement, sending Bitcoin’s price down by 5.7%. Other top altcoins like XRP also shed value.

Powell Thumbs Down Plans To Add BTC To Reserves

The debates on whether it’s time to create a stockpile of Bitcoin gained traction after Donald Trump secured a win and another presidency. Trump used Bitcoin and crypto as part of his campaign to attract support from crypto personalities and commentators. And by appointing key crypto-friendly personalities to top government positions and promising to revamp the SEC leadership, many expect to predict a Bitcoin stockpile soon.

Powell says Fed cannot hold Bitcoin, not seeking to change that https://t.co/72RQGK1Q6K

— ST Business Desk (@stbusinessdesk) December 18, 2024

However, Powell has categorically stated that the US banking system cannot hold Bitcoin. He argued that according to the Federal Reserve Act, there are rules on what banks can own, and Bitcoin is not included in the list.

He announced that they’re not looking to change the law soon, and it’s up to Congress to decide. 

Interest In Bitcoin Strategic Reserve Continues To Grow

Despite the Fed chair’s opinion on Bitcoin as a reserve asset, there has been growing attention on Bitcoin as a potential reserve asset. During the elections, Trump supported the proposal and even suggested that the US should become the center for crypto developments. Other pro-Bitcoin policymakers, like Wyoming Senator Cynthia Lummis, have been campaigning for Bitcoin to be considered a reserve. `

Early this year, Lummis filed a bill asking the US Treasury to buy and add Bitcoin to the reserve. Under the Lummis bill, the US Treasury will adopt a program to buy 20,000 BTC annually for five years until the reserve holds 1 million tokens.

Bitcoin’s Price Drops After Powell Statement

The market reacted negatively to Powell’s statement, with Bitcoin’s price dropping to $100,300, down by roughly 5.7% compared to the previous day’s close. As of press time, Bitcoin’s 24-hour trading value is between $98,839 and $105,306.

Other top cryptos followed Bitcoin’s lead, with Ethereum dropping by 6.8%, Solana by 8.1%, and Binance Coin shedding 4.6% in value. Dogecoin was the worst performer among the top altcoins, dropping to $0.348, or an 11% loss. Also, the stock market tumbled after the Fed official’s statement. The Nasdaq 100 dipped by 2%, and S&P ended the trading day with a 1.55% loss.

Featured image from Pexels, chart from TradingView

A certified Chartered Market Technician (CMT) analyst recently shared a chart discussing the XRP price potential for a bullish surge. Basing his projections on key technical indicators, the analyst believes that the XRP price rally still has a long way to go before it reaches overbought levels.

Technical Indicators Signal XRP Price Bullish Reversal

CMT-certified crypto analyst Tony Severino took to X (formerly Twitter) on December 18 to highlight the potential for an XRP price bullish reversal to the upside. The analyst points to the combination of historical technical signals and tightening Bollinger Bands (BB) as an indication of a looming price rally. 

The analyst has expressed confidence in the XRP price outlook, admitting that he had underestimated its bullish potential. He revealed that the XRP/BTC quarterly chart looks exceptionally strong, with its three-month candlestick closing above the Bollinger Bands basis at 0.00001717, for the first time since April 2019. 

Severino revealed that the XRP price had touched the upper Bollinger Band at $0.0000286, a critical level typically associated with significant bullish momentum. According to the analyst, a quarterly close above this upper band could serve as a buy signal for XRP, emphasizing that the Bollinger Bands are currently at their tightest levels in the XRP/BTC history. 

In addition to this development, XRP’s Relative Strength Index (RSI) on the three-month chart is 47.87, steadily moving towards 50 after breaking above its RSI-based moving average at 43.44. Severino noted that an RSI above 50 often indicates increasing strength in a cryptocurrency, and historically, some of the largest price movements have occurred at an RSI above this level. 

The analyst further revealed that XRP’s Fisher Transform is flipping bullish. This technical indicator is used to identify turning prices and trend reversals in cryptocurrencies. According to Severino, XRP’s Fisher Transform turned positive after showing a multi-year bullish divergence, which further strengthens its potential for a price rally and optimistic outlook. 

Momentum Oscillators Indicate Extended Upside

In addition to its technical indicators, Severino has revealed that momentum oscillators such as the Logarithmic Moving Average Convergence Divergence (LMACD) and Stochastic Oscillator point to a potential price rally for XRP. Currently, the bearish momentum for XRP’s LMACD is weakening and steadily approaching a bullish crossover for the first time on the XRP/BTC chart. This pivotal shift suggests a potential trend reversal, signaling an extended upside for the XRP price.

Meanwhile, the Stochastic Oscillator at the %K line has hit its highest reading of 71, indicating a potential for a strong continuous upward momentum. The technical indicator also highlights that XRP still has a long way to go before it enters overbought territory. As of writing, the XRP price is trading at $2.36, marking a 6% decrease from its earlier price of $2.5 in the past 24 hours, according to CoinMarketCap. 

A member of the South Korean national legislature could possibly face imprisonment for allegedly misdeclaring his cryptocurrency holdings.

State prosecutors recommended that the legislator be sentenced to a six-month jail time for not disclosing a significant portion of his crypto assets, and failing to adhere to the South Korean policy on transparency and accountability of public servants.

Prison Sentence

A state penitentiary might be awaiting Kim Nam-kook, a member of the South Korean National Assembly, for non-disclosure of all his cryptocurrency holdings, violating the country’s code of ethics for public officials.

State prosecutors accused Kim of deliberately failing to report his cryptocurrency holdings, alleging that he intentionally concealed owning a substantial amount of digital assets.

During a legal proceeding, the prosecution team asked Judge Jeong Woo-yong of the 9th Criminal Division of the Seoul Southern District Court to sentence the former Democratic Party legislator to six months of imprisonment.

According to the South Korean prosecutors, Kim erroneously declared his crypto assets, suggesting that the lawmaker should be charged with obstruction of official duties.

The public prosecutors claimed that “the defendant intended not to declare the coins he owned.”

“He obstructed the National Assembly Ethics Committee’s review of the National Assembly member’s assets in a false manner,” the prosecution team added.

A South Korean congressman was sentenced to six months in prison by prosecutors for concealing his cryptocurrency holdings. He concealed cryptocurrency assets equivalent to 9.9 billion won (6.8M USD) and 990 million won (680K USD) in 2021 and 2022, violating the obligation of…

— Wu Blockchain (@WuBlockchain) December 18, 2024

Over $6M Crypto Assets

Kim claimed that he only owned $834,356 worth of assets in an official declaration to the National Assembly in 2021.

Investigations revealed that the lawmaker concealed on two occasions his cryptocurrency assets.

In 2021, Kim did not report that he owned $6.8 million worth of crypto assets. The lawmaker also failed to declare his digital assets worth $680,000 in 2022.

“He concealed cryptocurrency assets equivalent to 9.9 billion won (6.8M USD) and 990 million won (680K USD) in 2021 and 2022, violating the obligation of public officials to declare property holdings,” Wu Blockchain said in a post.

State prosecutors said that the legislator moved funds to a bank account so he could conceal the source of his profits, misreporting his true assets. They also found out that only the conversion of the remaining crypto to assets is being declared as his total worth.

Lack Of Crypto Tax Policy

Some analysts blame the South Korean government’s inability to implement a much-needed cryptocurrency taxation law.

The new tax law covering crypto assets was supposed to be implemented next year but the government decided to delay the tax policy until 2027.

Under the long-awaited crypto tax law, the government will impose a 20% tax on cryptocurrency gains.

Analysts said that ambiguity surrounding the regulations for cryptocurrencies might be increasing the political tension in the country.

Opposition lawmakers from the Democratic party perceive that the delay in the crypto tax implementation is being used by the government as a political tool.

Featured image from DALL-E, chart from TradingView

Craig Wright, the computer scientist who claims to be Satoshi Nakamoto, the elusive creator of Bitcoin, was sentenced  on Thursday to one year in prison by a UK judge for contempt of court.

This decision, issued by Justice James Edward Mellor, follows a thorough analysis of Wright’s conduct, which the court ruled included “significant and persistent falsehoods” about his status as Bitcoin’s founder.

The sentence, however, is suspended for two years, meaning that Wright will only serve time if he commits further offenses during this probationary period. 

Craig Wright’s Legal Woes Deepen

This ruling stems from a high-profile case where Craig Wright brought a staggering $1.15 trillion lawsuit against Bitcoin developers and the payments firm Square. The court found that he had violated a prior order that prohibited him from publicly claiming to be Satoshi Nakamoto and engaging in legal actions based on this assertion.

At the recent hearing, Wright reportedly expressed his intention to appeal the contempt finding, although he could not be reached for immediate comment. However, Wright’s legal troubles escalated when the Crypto Open Patent Alliance (COPA), a consortium of cryptocurrency firms, initiated proceedings against him. 

COPA sought a formal declaration that Craig Wright is not Satoshi Nakamoto, aiming to limit his ability to pursue multiple lawsuits against Bitcoin developers and others regarding intellectual property rights associated with Bitcoin.

During the six-week trial, Justice Mellor delivered a rare snap verdict, stating, “The evidence is overwhelming.” He concluded that Wright was not the individual who operated under the pseudonym Satoshi Nakamoto and accused him of deliberately fabricating documents to support his claims. 

The judge characterized Craig Wright’s actions as a “vehicle for fraud,” emphasizing that his extensive lies were aimed at bolstering his primary falsehood: his identity as Bitcoin’s creator.

In addition to the contempt ruling, Justice Mellor directed the Crown Prosecution Service (CPS) to consider pursuing criminal charges against Wright for what he described as “wholesale perjury.” However, as of now, no perjury charges have been filed against him.

Wright’s Claims Of Bitcoin Alteration Rejected

Craig Wright’s October lawsuit against Square and Bitcoin developers accused them of “misrepresenting” Bitcoin (BTC) as the original cryptocurrency. 

He claimed that they had altered the original Bitcoin protocol without authorization, asserting that these changes deviated fundamentally from the system defined by Satoshi Nakamoto in the Bitcoin White Paper. 

COPA on the other hand, argued that Craig Wright’s lawsuit violated the legal injunctions placed upon him, alleging contempt on five distinct grounds.

In his judgment, Justice Mellor ordered Wright to cease his legal actions against Square and the Bitcoin developers, stating, “There is no doubt whatever that each of these contempts has been proved.”

Craig Wright had been scheduled to attend a hearing to address the contempt claims but failed to appear, citing potential financial losses exceeding £240,000 ($303,000) as the reason for his absence. Reports suggest he is currently in Asia, possibly in Singapore or Indonesia, but he did not disclose his exact location when asked by the court. 

At the time of writing, Bitcoin is trading at $96,340, having lost the key $100,000 mark following the US Federal Reserve’s (Fed) decision to cut interest rates on Wednesday. Currently, BTC is down nearly 5% over the past 24 hours.

Featured image from the Financial Times, chart from TradingView.com

Germany’s Free Democratic Party (FDP) is intensifying its focus on Bitcoin and crypto policy during the run-up to the country’s parliamentary elections, scheduled for February. The party’s newly released election manifesto, published on December 18, signals a notable pivot towards integrating digital assets such as Bitcoin into the existing financial framework. Notably, the FDP mentions Bitcoin and crypto a total of five times throughout the document.

FDP Wants A Strategic Bitcoin Reserve

Central to the FDP’s platform is the idea of modernizing financial market oversight, while maintaining proportional and competitive regulatory standards. The election program stresses a commitment to “modern financial market regulation” that both protects private creditors and ensures a “level playing field” for all market participants. To achieve this, the FDP proposes expanding the responsibilities of the German Federal Financial Supervisory Authority (BaFin) so it can better “support FinTech and crypto innovations.”

The FDP also wants to ensure that Germany’s approach to crypto regulation aligns closely with broader European standards. It states that German rules should not exceed the “European minimum requirements,” implying that an overly stringent national framework could hinder competitiveness. The party suggests examining whether current regulations are “proportionate,” hinting that an overly restrictive environment may discourage innovation and push promising ventures elsewhere within the European Union.

Perhaps most notably, the FDP is “open” to the idea of both the European Central Bank (ECB) and the German Bundesbank incorporating Bitcoin into their currency reserves. While the program does not detail the mechanisms or timeline for such a move, it clearly presents the introduction of a Bitcoin reserve as a forward-looking strategy.

“We are open to the European Central Bank and the German Bundesbank using cryptocurrencies such as Bitcoin as currency reserves. This can strengthen the resilience of the European monetary system,” the election program states.

Further, the FDP’s platform strikes a balance between embracing digital innovation and preserving established monetary practices. It reaffirms support for the continued existence of cash, advocates for “broad acceptance of card payments,” and envisions a digital euro that respects user privacy and remains voluntary.

The party insists that any introduction of digital central bank money must preserve the privacy of users. “digital euro that complements cash must respect users’ privacy and be usable both online and offline. There must be no compulsion to use the digital euro and there must be no additional risks for the financial system,” the FDP demands.

This crypto-friendly pivot comes only a few days after FDP leader and former finance minister Christian Lindner Germany’s Bitcoin Dilemma: Ex-Finance Minister Urges Chancellor For Change that Germany must not lose touch with “innovations.” He compared Germany’s stance unfavorably to the next US administration under President-elect Donald Trump, which he said is poised to capitalize on “advantages that we could also have with Bitcoin.” While Lindner did not explicitly mention establishing a Bitcoin reserve at that time, his comments marked a caesura.

The FDP’s proposal has already drawn attention from key figures in the European tech community. Frank Thelen, a prominent European entrepreneur, technology investor, and TV personality, publicly supported the party’s approach via X: “First pro-crypto party in Germany @FDP. Imho a good addition to the existing currency reserves.”

At press time, BTC traded at $102,388.

On Wednesday, BlackRock, the world’s largest asset manager, successfully acquired municipal debt through a transaction that exclusively utilizes blockchain technology. According to a Bloomberg report, this marks the first instance of municipal bonds being purchased, settled, and held entirely on a blockchain platform.

BlackRock’s Historic Bond Deal

Per the report, the bonds were issued earlier this year by the city of Quincy, Massachusetts, and were underwritten by JPMorgan Chase & Co. 

The transaction was facilitated through an application on JPMorgan’s private, permissioned blockchain platform, known as Digital Debt Service. Interestingly, this approach not only streamlines the bond issuance process but also enhances transparency and security in municipal finance.

BlackRock’s acquisition was made through its actively-managed exchange-traded fund, the iShares Short Maturity Municipal Bond Active ETF (MEAR). Since its inception in 2015, MEAR has attracted approximately $750 million in client assets. 

As part of this historic deal, BlackRock has taken a total position of $6.5 million in the Quincy bonds, according to data compiled by Bloomberg. Pat Haskell, head of BlackRock’s municipal bond group, expressed optimism about the transaction, stating: 

The use of blockchain throughout the lifecycle of bonds is just one example of the potential for this technology to transform capital markets. This transaction marks a significant moment for the municipal bond market and is a testament to BlackRock’s dedication to innovation.

The prospectus for MEAR was recently updated to permit the fund to invest in municipal bonds settled through JPMorgan’s blockchain application, as indicated in a filing with the US Securities and Exchange Commission dated December 17. 

However, investors are cautioned about potential risks, including lack of liquidity and the possibility of errors or limitations inherent in the underlying computer code of the application.

In recent years, several issuers and underwriters have explored the feasibility of blockchain technology in the municipal bond market.

Notably, the board of trustees at Michigan State University considered a deal that would have utilized a proprietary digital assets platform developed by Goldman Sachs, highlighting a growing interest in integrating blockchain solutions within traditional finance.

iShares Bitcoin Trust Surges Towards $60 Billion

In the realm of cryptocurrency exchange-traded funds (ETFs), BlackRock has garnered significant attention, particularly due to ongoing inflows throughout the year. Notably, its iShares Bitcoin Trust (IBIT) has outperformed its gold ETF in terms of assets under management (AUM).

According to Ki Young Ju, CEO of the market intelligence firm CryptoQuant, it took BlackRock’s gold ETF 20 years to reach $33 billion in AUM. In contrast, the Bitcoin ETF has nearly doubled that figure in less than a year, approaching the $60 billion milestone.

This development occurs amid notable volatility in Bitcoin’s price over the past 48 hours, as traders anticipated the US Federal Reserve’s decision on interest rate cuts. During this period, despite Bitcoin briefly falling below the $100,000 mark, BlackRock seized the opportunity to purchase $1 billion worth of Bitcoin.

At the time of writing, despite losing the key $100,000 milestone, Bitcoin has managed to recover this level and is currently trading at $101,240. However, the market’s leading crypto still posted losses of 2.3% in the 24-hour time frame.

Featured image from DALL-E, chart from TradingView.com 

As December 2024 unfolds, the cryptocurrency market continues to offer remarkable opportunities for investors aiming to maximise their returns. While Bitcoin remains a dominant force, altcoins have emerged as compelling investment options, promising innovative solutions and strong growth potential. For those seeking the best altcoins to invest in December 2024, Qubetics, Toncoin, Chainlink, VeChain, and Hedera stand out as top contenders.

Each of these projects brings unique value propositions and advancements to the table. From Web3 aggregators to decentralised oracles, their innovative approaches make them indispensable in the evolving blockchain landscape. Let us explore why these altcoins deserve attention this December.

1. Qubetics ($TICS): Pioneering Web3 Innovation

Qubetics has solidified its reputation as the world’s first Web3 aggregator, addressing real-world challenges with transformative solutions. Its decentralised VPN (dVPN) ensures secure internet access while promoting affordability and privacy. Businesses and individuals alike benefit from its practical applications. For instance, a consulting firm can use Qubetics to ensure confidential communication with international clients, while a remote worker relies on its dVPN to protect sensitive data.

The numbers behind Qubetics highlight its potential. Over 359 million $TICS tokens have been sold during its presale, raising $7.2 million. Currently priced at $0.0342, the token offers substantial growth potential. A $50,000 investment today could yield $1,410,390.91 at a $1 valuation or $21,755,867.61 if the price reaches $15 post-mainnet launch.

Why did this coin make it to this list? Qubetics stands out for its robust use cases, strong presale performance, and unparalleled potential for investors seeking the best altcoins to invest in December 2024. 

2. Toncoin: Simplifying Blockchain for Everyday Users

Toncoin, born from the Telegram Open Network project, has carved a niche as a user-friendly blockchain platform. Its seamless integration with Telegram allows users to send and receive cryptocurrency effortlessly, promoting mass adoption. Businesses can leverage Toncoin for efficient payment processing, while individuals enjoy its accessibility for peer-to-peer transactions.

With its expanding ecosystem and ongoing partnerships, Toncoin has attracted attention from both retail and institutional investors. The project’s commitment to scalability and security ensures its long-term viability in the competitive crypto market.

Why did this coin make it to this list? Toncoin’s ease of use and integration with a widely popular platform make it a standout option for investors this December.

3. Chainlink: Bridging Real-World Data and Blockchain

Chainlink continues to lead the decentralised oracle market, enabling smart contracts to interact with real-world data. Its technology is critical for powering decentralised finance (DeFi) applications, supply chain tracking, and more. A logistics company, for example, can use Chainlink’s oracles to verify the authenticity of shipment data, ensuring transparency and efficiency.

The project’s consistent innovation and integration with major blockchain platforms have cemented its position as a market leader. With the increasing demand for reliable data feeds in blockchain applications, Chainlink’s potential remains strong.

Why did this coin make it to this list? Chainlink’s critical role in connecting blockchain with external data makes it one of the best altcoins to invest in December 2024.

4. VeChain: Revolutionising Supply Chain Management

VeChain has emerged as a game-changer in supply chain management, leveraging blockchain technology to enhance transparency, efficiency, and traceability. Its dual-token system supports enterprise-level adoption, offering tailored solutions for industries such as retail, automotive, and healthcare. For example, a food producer can use VeChain to trace the journey of products from farm to table, ensuring quality and compliance.

VeChain’s partnerships with global corporations demonstrate its utility and potential for widespread adoption. Its focus on solving real-world problems ensures its relevance in an increasingly digitalised economy.

Why did this coin make it to this list? VeChain’s ability to provide practical solutions for industries worldwide makes it a top contender for December investments.

5. Hedera: The Enterprise-Grade Blockchain

Hedera offers an enterprise-grade blockchain platform known for its speed, security, and energy efficiency. Its unique Hashgraph consensus mechanism sets it apart, enabling high-throughput and low-latency transactions. Enterprises across sectors, from finance to healthcare, can utilise Hedera to enhance operations and reduce costs.

Hedera’s growing ecosystem of applications and partnerships underscores its potential. With its focus on sustainability and innovation, it appeals to investors seeking long-term growth in the blockchain space.

Why did this coin make it to this list? Hedera’s enterprise focus and technical superiority make it one of the best altcoins to invest in December 2024.

Conclusion: Invest in Tomorrow’s Leaders Today

Qubetics, Toncoin, Chainlink, VeChain, and Hedera each offer unique opportunities for investors. Whether it is Qubetics’ transformative Web3 solutions, Toncoin’s accessibility, Chainlink’s oracle technology, VeChain’s industry applications, or Hedera’s enterprise-grade blockchain, these altcoins are shaping the future of cryptocurrency.

Investing in the best altcoins to invest in December 2024 ensures you are positioned to benefit from their growth trajectories. The time to act is now. These projects represent the cutting edge of blockchain innovation—seize the opportunity before it passes.

For More Information:

Qubetics: https://qubetics.com/

Telegram: https://t.me/qubetics

Twitter: https://twitter.com/qubetics

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

Pepecoin, the OG green frog meme coin, had a rough week.

$PEPE is down nearly 21% over the past seven days as the euphoria of Bitcoin’s surge above $100K wears off slightly.

Meme coins, more even than most stable cryptos, react to the mood of the broader market. $PEPE is no exception. As $BTC takes a breather, some investors take profits, and $BTC’s price settles in just above $100k, $PEPE is feeling the pinch.

So much, in fact, that Pepe has decided to spice things up with an OnlyFans account.

Will it work? Only time will tell. But in the meantime, there’s never been a better time to look at $PEPE alternatives – and Wall Street Pepe is stepping in to take up the challenge.

Here’s what we know about the current state of affairs in the meme coin market, and why $WEPE could supplant $PEPE as the green frog of choice.

$PEPE Steps Back

Over the past seven days, $PEPE has seen a slight decline. The market cap remains north of $8B but has fallen 22% over the past week.

In short, $PEPE’s hot pace from November into early December has finally cooled. 

That’s in keeping with broader crypto trends. In light of a rough stretch for the US stock markets and news of another Fed rate cut, crypto markets are testing resistance levels and relaxing a bit from the surge of the past few weeks.

It’s worth noting that even $PEPE’s step back is still a step forward overall.

As one of the biggest meme coins by market cap, $PEPE suffers from normal crypto volatility yet still boasts the liquidity necessary to ride out the waves.

$WEPE Hops Up

With $PEPE hitting a lull, a new challenger is hopping into the spotlight. 

Wall Street Pepe, currently in presale, has raised a whopping $31M so far. And with weeks to go, $WEPE looks to become the next big green frog meme coin.

$WEPE offers a trading-focused community where insights and degen plays can be shared. The token is an attempt to bring together the impulsive momentum of meme coins with the analysis and insights of the stock market.

In short, this green frog has $PEPE’s memes and Wall Street genes.

$WEPE’s presale proceeds in stages, with each stage offering tokens at a slightly higher price than the one before. At the time of writing, $WEPE tokens are available for $0.0003649. But it won’t stay at that level for long, and, once the coin is trading on public exchanges, a lot more investors will be coming in, which is known to drive the price up considerably.

WEPE, PEPE Set To Surge Into 2025

The broader crypto market continues to benefit from the favorable US political climate. News of a Bitcoin reserve may have taken a blow, but the Trump administration still looks set to create a regulatory environment that’s far friendlier than the previous government. And that means things are still only looking up for the frogs.

None of this is financial advice, of course. Do your own research, and make your own evaluations on projects based on what you can find out about roadmaps, development teams, token allocations, and more.

But keep your eyes on the green frog dressed like a hedge fund manager. 

Сегодня на арене политического Колизея Радио АВРОРА — битва мнений по вопросам пропаганды и финансовой политики: Информационная политика государства и эффективная пропаганда: общее, частное, различия...

It’s been under a week since the launch of the $SOLX presale, but Solaxy’s native token is taking no prisoners. After raising $350K in its first 24 hours, just five days later, that tally has skyrocketed to $2.85M.

Crypto investors are clearly excited by Solaxy’s plan to build a Layer 2 protocol that will build on Solana, incorporating all its good bits and massively improving on where it’s been falling short. 

Solana’s super-high transaction volumes (178.75M over the past seven days, according to DappRadar) are driven mostly by meme coins, and have resulted in some congestion issues and failed transactions. 

That’s why this is great news for crypto investors – particularly those trading meme coins. Solana is, after all, the platform where the majority of meme coins are launched and traded. But it’s not just Solana that’s set to score.

As a multi-chain solution, Solaxy will bridge that critical divide between the big boys of blockchain – Ethereum and Solana. And that means making the most of the high liquidity and security that Ethereum’s DeFi ecosystem brings to the table.

Ethereum and DeFi go hand-in-hand, with a total value locked of $131.42B. That said, Solana is also a key player in the DeFi arena – second to Ethereum, with $14.33B in total locked value. And that’s one of the major reasons behind investors clambering to buy $SOLX – DeFi domination is imminent.

If you want to secure your spot in the first Solana Layer 2 presale, visit the official Solaxy website now.

Solaxy’s Meteoric Presale Is On Fire

The $SOLX presale launched at a cool $0.001. But that was a week ago, and the price has now risen to $0.00157. And, with a total token supply of 138,046B, staking rewards are currently estimated at an impressive 1,239% per annum.

The next price stage begins tomorrow in less than 10 hours, when the $SOLX kitty is expected to hit the $3.132M mark. 

As for the $SOLX tokenomics, 30% has been allocated to the development of that all-important Layer 2 ecosystem, and 25% for early bird rewards. The remaining amount is split between the project’s treasury (20%), marketing (15%), and listing the $SOLX on DEXs and CEXs (10%).

How to Buy $SOLX

$SOLX can be bought with $ETH, $USDT, and by credit or debit card. $BNB is another payment option. But be warned, you’ll lose out on the annual staking rewards if you choose to purchase presale $SOLX with $BNB.

As for the card payment option, you will need to link your credit card to a crypto wallet before making a transaction. The Solaxy website recommends that potential investors who don’t yet have a crypto wallet download the Best Wallet app. 

Best Wallet is a good choice – it’s free, secure, and offers lower transaction fees. And, importantly, it’s a non-custodial wallet in the form of a mobile-only app. Unlike many other crypto wallets that belong to centralized exchanges or companies, Best Wallet gives users full and sole control over their wallet. 

Dogecoin and Shiba Inu prices have significantly crashed in the last 24 hours. This is partly due to Jerome Powell’s speech, which painted a bearish picture for crypto assets despite the announcement of a 25 basis point (bps) rate cut. 

Why The Dogecoin And Shiba Inu Prices Crashed

The Dogecoin and Shiba Inu prices are both down over 5% in the last 24 hours. This price crash has happened despite the Federal Reserve announcing a 25 bps rate cut. One major reason for this price crash is believed to be due to Fed Chair Jerome Powell’s speech, which painted a bearish picture for these crypto assets. 

Powell hinted in his speech that the Fed was currently ‘hawkish’ despite the 25 bps rate cut. He also suggested that there would likely be fewer rate cuts in 2025, having already made three rate cuts this year. The Fed being hawkish is bearish for the Dogecoin and Shiba Inu prices as investors become more skeptical about investing in these risk assets. 

In Dogecoin’s case, crypto analyst Kevin Capital had mentioned that the meme coin’s technical indicators were currently bearish but added that it could be invalidated if the Fed took a dovish stance. However, that didn’t happen, meaning that the Dogecoin price could even plunge further, seeing as fundamentals and technicals are bearish. 

Meanwhile, Powell’s take on the Strategic Bitcoin Reserve is another factor that could have contributed to the price crashes of Dogecoin and Shiba Inu. The Fed Chair mentioned that the US Central Bank is not allowed to hold Bitcoin and is not seeking a law change. That statement caused the price of Bitcoin to drop below $100,000. 

The Dogecoin and Shiba Inu prices share a positive correlation with the flagship crypto, so it was expected that they would also follow suit as BTC corrected. If the Bitcoin continues to drop, then the Dogecoin and Shiba Inu prices are also at risk of further declines. 

What Next For DOGE?

In a recent X post, Kevin Capital mentioned that the bias is to the downside in the short term for the Dogecoin Price. This came as he revealed that Dogecoin has witnessed seven straight candles in a row and failed to get above the Macro .786 Fib. The analyst added that DOGE is also losing the macro .5 Fib on the linear chart. 

Meanwhile, Kevin also alluded to Bitcoin, considering the impact the flagship crypto could have on the Dogecoin and Shiba Inu prices by extension. The analyst stated that Bitcoin is getting rejected at the macro 1.703 level and printing a bearish daily candle while having a massive amount of long liquidity to the downside.  

However, the analyst is confident these coins will still regain bullish momentum. He stated that people are overreacting to Powell’s speech and that the dip will be bought. In line with this, he remarked that this is a normal market correction. 

В преддверии слушаний по делу американской компании Ripple, которые должны состояться 15 января 2025 года, бывший поверенный Комиссии по ценным бумагам и биржам США (SEC) усомнился в правильности предыдущего решения суда о статусе выпускаемой этой компанией криптовалюты XRP.

Cryptocurrencies are going through a very good period right now, and some people are likely to walk away with a nice return on their investment as 2024 draws to a close. But this is also good news for the IRS when it comes time for your next tax bill.

When it comes to keeping your tax bill as low as possible, however, crypto losses can also be your friend. You can use them to offset profits you made elsewhere in your crypto portfolio. With good times potentially ahead for crypto coins like Solaxy ($SOL), your tax position is something you should be looking at sooner rather than later.

Crypto Profits Are Taxable Profits

Meme coins are in the ascendant right now, with many of them – Crypto All-Stars ($STARS), Wall Street Pepe ($WEPE), and CatSlap ($SLAP), to name a few – promising high staking yields and higher prices. As investors take advantage of the bullish markets, it can be hard to forget that a percentage of any profits legally need to go to the government.

The IRS is making big changes to the rules starting on January 1st, so unless you do a bit of advance planning, you could find yourself handing over more of your crypto wins to Uncle Sam than you’d hoped for. Thinking ahead to your next one or two tax bills, therefore, makes sense, including how to offset them with your losses.

Of course, we’re not lawyers or accountants, so we can’t give tax advice. We can give you some broad strokes hints, but you should always double-check everything we say with your accountant. Everyone’s tax liabilities are different, so what applies to some people won’t necessarily apply to others.

So When Does Crypto Become Taxable?

It helps to start by defining what the IRS considers to be taxable when it comes to crypto. According to this Forbes article, you’ll need to pay tax on your crypto gains when you’re:

• Selling any of your crypto balances for fiat currency
• Trading one cryptocurrency for another one
• Spending your crypto balance on goods or services (many wallets, like Coinbase, now offer debit cards)
• Earning crypto through staking, mining, or rewards, which is something investors really need to watch out for, when staking new meme coins
• Receiving airdrops or hard forks

If you’ve done any of these things during 2024, you need to ask your accountant for a Form 8949, Schedule D, or Schedule 1.

So, How Can Your Crypto Tax Bill Benefit From Losses?

You should ideally be putting aside 25%-30% of your crypto wins for the tax man. But you could potentially make your bill lower by adding your crypto losses to the tax return. This is completely legal. However, you need to do this by December 31st to take advantage of this for your 2024 tax bill.

Using losses to offset a tax bill is known as tax loss harvesting. This is when you look at your assets and decide which ones are underperforming and currently causing losses for you. You can then sell them at a loss and report that loss to the IRS, who will then hopefully accept them and take them off your bill. In some cases, those losses may even apply to tax bills in future years.

This all serves to illustrate that making losses can have a silver lining.

Signs Look Good For Solaxy

At the beginning of the article, we mentioned Solaxy ($SOL) which is one coin doing extremely well at the moment. It’s the first Solana Layer 2 protocol designed to tackle congestion and scalability issues, which is what’s getting it a lot of attention right now.

While others like Wall Street Pepe and CatSlap are slightly declining at the moment, Solaxy is going in the opposite direction. It’s seeing gains of almost 200% with a current token price of $0.00001839, and a staking APY of 1,280%. So this would definitely be one to consider including in your portfolio.

Don’t Take Our Word as Gospel – Consult an Accountant!

What we’ve outlined here are merely generalizations. You should always consult an accountant or a tax lawyer to make sure the rules apply to your current situation. Like investing in new crypto possibilities, always do your own research!

Эксперты одного из крупнейших американских банков JPMorgan заявили, что с приходом к власти администрации избранного президента США Дональда Трампа для крипторынка открывается «новая эра».

Bitcoin has surged past its all-time high again, reaching an impressive $108,300 and solidifying its position as the market leader. This rally marks a continuation of Bitcoin’s push into price discovery, fueled by growing investor demand and positive global market sentiment.

Notably, many major markets, including U.S. stocks and gold, are also experiencing upward momentum, creating a favorable macroeconomic environment for Bitcoin’s price action.

Top CryptoQuant analyst Axel Adler recently highlighted Bitcoin’s renewed strong correlation with the S&P 500 index, which currently stands at 83%. This connection underscores how BTC is increasingly viewed as a risk-on asset, moving in tandem with traditional financial markets. Adler’s analysis suggests that Bitcoin’s price performance could continue to mirror broader market trends, potentially leading to even greater heights if global equities maintain their bullish trajectory.

As Bitcoin navigates this historic rally, analysts and investors closely monitor the market for clues about its next moves. With global markets aligned and BTC maintaining strong correlations, the stage is set for further price discovery. However, all eyes remain on whether BTC can sustain its momentum and reach new highs in the coming weeks.

Bitcoin Joins Traditional Markets

Bitcoin has evolved from a niche digital asset to a globally accepted store of value, with its increasing mainstream adoption playing a key role in its market movements. Over the past four years, Bitcoin’s price action has often mirrored broader market trends, especially during strong growth in traditional assets like the S&P 500 and NASDAQ. This growing relationship highlights Bitcoin’s transition into a risk-on asset, now seen as part of a larger global financial ecosystem.

Top CryptoQuant analyst Axel Adler recently shared important insights revealing that BTC is once again strongly correlated with the S&P 500, with the current correlation at an impressive 83%. 

This marks a significant shift from September, when the correlation was a negative 80%. During that time, BTC was undergoing a correction while the S&P 500 was pushing toward a new all-time high. The negative correlation observed back then reflected a market divergence, with BTC and traditional equities moving in opposite directions.

Typically, a high positive correlation between Bitcoin and the S&P 500 signals that both markets are trending in the same direction, often due to shared macroeconomic factors like investor sentiment and global economic conditions. 

The current positive correlation suggests that Bitcoin’s rise is in tandem with the broader financial market’s bullish momentum, which bodes well for further price discovery. As both markets continue to climb, BTC may experience even stronger upward movement, benefiting from the continued growth of global equities.

BTC Visits Uncharted Territory

Bitcoin is trading at $105,200, showing strong momentum after a solid bounce from the previous all-time high (ATH) at the $103,400 level. This bounce is a bullish signal, indicating that BTC maintains its upward trajectory and continues to push into price discovery. BTC holding above this key support level highlights growing investor confidence, suggesting that further gains are likely in the coming days.

If BTC can hold above the critical $104,000 mark in the short term, it would pave the way for a challenge to the $110,000 level. A successful move past $110,000 would mark a new milestone in Bitcoin’s price action, potentially leading to further exploration of uncharted territory.

However, if selling pressure begins to intensify, BTC may experience a retrace back to the $100,000 mark. This level could act as key support, offering a chance for the market to find demand before continuing its rally. Overall, Bitcoin remains in a strong uptrend, and the next few days will be crucial in determining whether it can continue pushing toward new highs or face a temporary pullback.

Featured image from Dall-E, chart from TradingView 

Just yesterday, Crypto All-Stars ($STARS) announced that it raised $21 million. Today, the counter stands at a staggering $23 million as investors flock to secure their share of $STARS before the presale ends.

A broader meme coin rally in November could’ve benefited $STARS, but such a success wouldn’t have been possible if not for its unique utility. Crypto All-Stars presents the world’s first unified staking platform MemeVault, which allows you to earn passive rewards on your favorite meme coins.

Let’s unpack why $STARS is drawing the community’s attention and why the stars have aligned perfectly for its launch.

Chill Guys Lose It, Penguins Fly, $STARS Align

It’s true that some recent top gainers, like Dogecoin ($DOGE), Just a Chill Guy ($CHILLGUY), and First Convicted Raccoon ($FRED), saw dramatic corrections this week.

However, new stars appear on the meme coin skyline daily. While some fall, new projects like Pudgy Penguins ($PENGU) record 500%+ gains.

$STARS is one such sensation. Unlike meme coins that rely on hype alone, $STARS’ meteoric rise has to do with its underlying staking platform, MemeVault.

Holders of popular meme coins like $DOGE, $PEPE, $SHIB, $BRETT, and $MOG can stake their tokens in the MemeVault to earn passive yields in the form of $STARS. At launch, MemeVault will support the top 11 meme coins, but the project team plans to add more in the future.

This approach future-proofs $STARS because it doesn’t depend on the demand for just one token. Instead, it can attract the entire meme coin community, ever-expanding like the universe itself.

The word of $STARS has spread far across the meme coin space and drew not just degen investors but also whales. Yesterday, a single investor bought over $75,000 worth of $STARS.

Big buys like these make influencers like ClayBro believe $STARS price will double soon after launch.

$STARS to Conquer DEXs First, Are Tier-1 CEXs Next?

$STARS started at a humble price point of $0.00138 and is now selling 21% above that, at $0.0016782. This is the final price before the $STARS presale ends, and holders can claim their tokens.

MemeVault welcomes every degen investor, regardless of their participation in the presale. However, early $STARS adopters will benefit from higher staking rewards within the ecosystem, which means now is the last chance to maximize your potential earnings.

And there’s still time to stake your $STARS at a 144% APY. Rewards will be distributed over two years at a rate of 2801.44 $STARS per $ETH block.

The Crypto All-Stars project team doesn’t openly disclose upcoming listings, but rumor has it we might see $STARS on tier-1 centralized exchanges like Coinbase. It’s likely that $STARS will test the waters on decentralized platforms like Uniswap first.

To ensure smooth trading, Crypto All-Stars allocated 10% of the total token supply to liquidity. Another 20% is reserved for marketing to expand the project’s reach globally and – who knows – launch $STARS right to the moon.

Last 26H to Buy $STARS Before Token Claim

The Crypto All-Stars presale ends tomorrow, and FOMO is through the roof. With just 20% of the total token supply available on presale, investors are rushing to secure their share of $STARS before it sells out.

To buy $STARS, visit the official Crypto All-Stars website, connect your wallet, and buy tokens using $ETH, $BNB, $USDT, or fiat. Then, follow the Crypto All-Stars X and Telegram channels so as not to miss token claim updates.

Remember to do your own research because nothing is certain in life except death and taxes (and, perhaps, $BTC hitting $110,000 this market cycle).

Власти Сальвадора меняют свою политику в отношении биткоина ради соглашения с Международным валютным фондом (МВФ), который готов выделить властям этой латиноамериканской страны кредит размером $1,4 млрд на 40 месяцев.

As the crypto market braces up for a new bullish rally in 2025, analysts are focusing on high-performing assets that could lead the charge. Among these, Dogecoin stands out as a contender with growing mainstream adoption and a loyal investor base.

Despite its fun and viral start, DOGE has surged in value over the years, trading at $0.3853 at the time of writing. With the token -48% away from its All-Time High price ($0.7376), investors wonder if DOGE can surpass $1 in the first quarter of 2025. As we find the answers, crypto analysts are betting on a new ICO, DTX Exchange, valued at $0.12.

DTX Exchange (DTX): A Comprehensive Trading Platform Captivating Investors and Analysts

DTX Exchange is a new project redefining the online trading experience by integrating the strengths of centralized and decentralized platforms. It does this by combining the security of decentralized exchanges with the liquidity of centralized exchanges.

This unified platform provides access to a portfolio of financial instruments, from stocks, ETFs, cryptos, forex, and more. As such, it reduces the need for traders to explore multiple exchanges, thereby increasing efficiency, security, and user convenience.

Notably, DTX Exchange is powered by an innovative blockchain, VulcanX, which ensures exceptional performance with a throughput of over 100,000 transactions per second (TPS). This technology, combined with an average execution trade time of just 0.04 seconds, guarantees traders a reliable and fast trading experience.

In addition, DTX features analytical tools such as real-time charting tools for users to make data-driven decisions and capitalize on quick market moves. Another standout of DTX Exchange is its non-custodial storage and wallet trading, which ensures traders retain full control over their assets. As such, it’ll foster trust and safety among traders seeking security and transparency in this hybrid ecosystem.

It’s no surprise that DTX Exchange is doing well in its ongoing presale; it has raised over $10 million so far. With the potential to list on top-tier exchanges like Binance, Uniswap, and ByBit, analysts predict potential growth for this coin, with some forecasting a 500% surge in value post-presale.

With over 300k wallet addresses already onboard, this project is gaining momentum as an all-in-one solution for traders worldwide. Eager investors can purchase DTX tokens at $0.12.

Can Dogecoin (DOGE) Surpass $1 in 2025?

Ranking #1 in the meme coin sector, Dogecoin has become one of the go-to meme projects among top investors and traders. With Elon Musk leading the Department of Government Efficiency (DOGE) in this new American political landscape, Dogecoin continues to surge in value.

As the new bull cycle approaches, many investment analysts believe that Dogecoin can reach the $1 milestone. Given Elon Musk’s constant involvement, DOGE can almost certainly achieve that price.

However, the token’s dependency on celebrity hypes and a favorable crypto landscape renders it susceptible to fluctuating price action. There’s also the supply issue, as Dogecoin has an infinite amount of DOGE minted. This situation partly undermines the crypto’s capacity to maintain and boosts its value.

Conclusion

As a top crypto, Dogecoin continues to deliver speculative price action among experts and investors. With the bulls returning in full momentum, there’s a growing expectation that DOGE could return to its higher price and hit its $1 milestone in the first quarter of 2025.

While we wait, investors are checking out DTX Exchange, a project performing well in its early stages and ready to soar soon, thanks to its impressive utility. Its presale is still on, and there’s a good chance to hop in and enjoy remarkable gains now and in the future.

Find out more information about DTX Exchange by visiting the links below:

Buy Presale

Visit DTX Website

Join The DTX Community

Prominent crypto market commentator and former BitMEX CEO Arthur Hayes predicts a “harrowing dump” in the digital assets market around President-elect Donald Trump’s inauguration. However, Hayes adds that the anticipated market crash will likely be followed by a strong bullish trend reversal.

Hayes Warns Against Overblown Expectations From Trump

Renowned crypto market analyst Hayes shared a new blog post outlining his views on the crypto market’s trajectory for the coming year. According to Hayes, the disconnect between the crypto market’s high expectations for Trump’s incoming administration and the political reality will likely spook investors, triggering a significant market sell-off.

Hayes points to the market’s unrealistic expectations from Trump, saying that it is “almost impossible for Trump to appease his base sufficiently to prevent the Democrats from retaking both legislative bodies in 2026.” As a result, Trump will have, at best, one year to enact any policy changes.

The crypto entrepreneur warned that the market’s realization of these limitations will trigger a “vicious sell-off” in digital assets. He revealed that his investment fund, Maelstrom, plans to book profits ahead of the anticipated sell-off and re-enter the market at lower prices during the first half of 2025. However, Hayes noted that he is open to “admitting defeat” if no market correction occurs by January 20.

Trump’s victory in the US presidential election has sparked fresh hope in the crypto market, resulting in BTC rising past $100,000 price level for the first time ever. At the time of writing, the total crypto market cap stands at $3.81 trillion.

Trump’s victory has also fuelled speculation about the creation of a potential national strategic Bitcoin reserve, a move that could spur competitive sovereign purchases by other nations. However, Hayes does not expect such a reserve to materialize anytime soon. He explained:

While I don’t believe the US government will purchase Bitcoin, it doesn’t affect my positive price outlook. At the end of the day, a gold devaluation creates dollars which must find a home in real goods/services and financial assets.

Contrasting Projections For BTC Price Action

While Hayes foresees an impending crypto market dump in early 2025, crypto financial services firm Matrixport predicts otherwise. According to a recent X post, the firm expects a “strong start” for BTC going into 2025.

Similarly, Standard Chartered bank estimates that BTC may climb up to $200,000 by 2025 as more institutions continue to accumulate the top digital asset. A recent report by crypto exchange Bitfinex also predicts further upside potential in BTC after its consolidation around the $100,000 price level.

Even more ambitious price targets were shared by Bitwise’s Matt Hougan, who said that buying BTC before it reaches $500,000 would still be considered “early.” At press time, BTC trades at $104,002, down 2.8% in the past 24 hours.