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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.  

Сегодня на арене политического Колизея Радио АВРОРА — игры патриотов, шпионские страсти, миграционное нашествие и тотальная информационная война Среди рабочих вопросов: «Побеждена ли в России пятая...

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.

Геостратег Андрей Школьников размышляет о масштабном вырождении элит на примерах стран Латинской Америки Ведущий: Роман Шахов Ознакомиться с программой тренинга «СЕКРЕТНЫЙ НЕТВОРКИНГ» и оставить...

Криптоблогер под ником BitBoy Crypto заявил, что монета XRP может стать серьезным конкурентом биткоину и, в особенности, эфиру, который сейчас занимает второе место по рыночной капитализации среди цифровых валют.

Компания-разработчик программного обеспечения MicroStrategy объявила о проведении собрания акционеров, где будет обсуждаться изменение «Плана 21/21», согласно которому компания планировала закупить биткоины на $42 млрд.

Комиссия по ценным бумагам и биржам Филиппин (SEC) представила первый вариант правил для поставщиков криптовалютных услуг. Ведомство готово обсудить предложенные требования с участниками рынка.

Власти Южной Кореи намерены внести поправки в законодательство о валютных операциях, которые ужесточат требования к совершающим международные операции поставщикам услуг виртуальных активов (VASP).

Временно исполняющий обязанности гендиректора Binance.US Норман Рид (Norman Reed) сравнил рынок криптовалют с восходящей лестницей, где каждый цикл основывается на предыдущем.

Правительство России утвердило список регионов и территорий, где с 1 января 2025 года будет запрещена добыча криптовалют и участие в пулах майнинга. Если верить документу, ограничение действует до 15 марта 2031 года.

A key figure in the cryptocurrency sector is out on a mission to push for a bipartisan crypto policy that would redefine the regulations governing digital assets. Cardano founder Charles Hoskinson will talk with Senator John Fetterman and other Democratic senators to lobby the crafting and establishment of policies that match the circumstances surrounding cryptocurrencies.

Crypto A Bipartisan Issue

The Cardano founder explained that cryptocurrency can become a bipartisan issue by engaging Democrat senators next year.

“Crypto isn’t a republican issue. It’s an American and global issue. Only by bringing everyone together can we get to the next level,” Hoskinson said in a post.

The crypto founder’s approach is to encourage lawmakers from both the Republicans and the Democrats to pause fighting each other, saying that both camps should collaborate and examine thoroughly what crypto can do for the country.

When people ask how we make crypto a bipartisan issue, these are the Democrats we need to talk to next year. I’ll meet with Senator Fetterman’s people and those like him. Many in leadership positions felt that Warren and Biden had gotten crypto wrong, and now is the time to bring… https://t.co/ru9u8f5879

— Charles Hoskinson (@IOHK_Charles) December 22, 2024

Talk With Senator Fetterman

Hoskinson said that one of the Democrat senators he plans to talk to for the bipartisan crypto policy is senator John Fetterman of Pennsylvania.

“I’ll meet with Senator Fetterman’s people and those like him,” Hoskinson said on his X post.

Fetterman has been in the headlines after giving his insights on why Donald Trump won the recent US election.

In an interview, the Democratic lawmaker believes that Trump emerged triumphant in the last election because he was seen as a protector of the American way of life, adding, “Trump is not a fascist like Kamala Harris claimed.”

“A lot of Democrats, especially in my state that I know and I happen to love people that [voted] for Trump and they are not fascists,” Fetterman said.

He argued that Americans decided to go for the candidate whom they perceived was going to protect and project their version of the American way of life.

Hoskinson noted that the senator is the kind of leader that cryptocurrency needs, leaders who are willing to challenge party lines and think differently.

The Cardano founder argued that cryptocurrency is a victim of political crossfire from the hard stance of the Biden administration and some US policymakers like Elizabeth Warren against the crypto sector.

Crypto Users Bill Of Rights

Hoskinson is also advocating a “Bill of Rights” for crypto users, a proposal he plans to push for.

He explained that the suggested “Bill of Rights” would focus on consumer protection, fair taxation, and clear asset classification.

Furthermore, the crypto founder initiated a campaign that he dubbed “Operation Baseline,” saying that the campaign aims to identify inefficiencies in the cryptocurrency market in the country and craft legislation that will address these inefficiencies.

Featured image from DALL-E, chart from TradingView

On-chain data shows the XRP blockchain has witnessed sharp wallet growth recently and has outpaced giant networks like Bitcoin and Ethereum.

XRP Has Been Gaining Rapid Adoption Recently

According to data from the on-chain analytics firm Santiment, the top cryptocurrencies have witnessed significant growth in Total Amount of Holders over the last couple of years.

The “Total Amount of Holders” here refers to an indicator that, as its name already suggests, keeps track of the total number of non-zero balance addresses that are present on a given network.

When the value of this metric rises, it can suggest new investors are joining the blockchain and/or old ones who had sold earlier are buying back. The trend can also arise when existing users create multiple addresses for a purpose like privacy.

In general, all three of these are at play to a degree at once whenever the Total Amount of Holders goes up, so some net adoption of the cryptocurrency could be assumed to be taking place.

On the other hand, the indicator going down implies some of the investors have decided to exit from the asset, which is why they are clearing out their addresses.

Now, here is a chart that shows the trend in the Total Amount of Holders for the top four cryptocurrencies by market cap: Bitcoin, Ethereum, Tether, and XRP.

As is visible in the above graph, the Total Amount of Holders has seen a sharp increase for all four of these assets over the last couple of years. This naturally suggests that the cryptocurrency sector has seen a high influx of users.

While Bitcoin, Ethereum, and Tether have witnessed a more or less consistent uptrend in this period, XRP has shown divergence recently as the indicator has skyrocketed for it.

From the chart, it’s visible that the Total Amount of Holders started its breakaway for the coin on October 18th. Interestingly, the asset’s price didn’t begin to rally until the middle of November, so it would seem that it’s this rapid adoption that helped build up a solid ground for the cryptocurrency to run on.

In terms of the long-term trend, USDT has been the asset that has seen the most adoption, with its Total Amount of Holders rising by around 66% during the past two years. Ethereum has been second at 47% and XRP third at 28%. Bitcoin has only been marginally behind with a 27% increase.

While XRP has held its own in terms of adoption rate, the network is still the smallest among these giants with its number of investors standing at 5.75 million right now.

XRP Price

XRP has observed a slowdown alongside the rest of the cryptocurrency sector as its price is still trading around $2.17.

While Ethereum (ETH) has once again failed to break through the stubborn $4,000 resistance level, BlackRock’s iShares Ethereum Trust ETF has quietly accumulated over one million ETH. This milestone reflects strong institutional demand for Ethereum, even as its price performance in 2024 remains lackluster.

Institutional Interest In Ethereum On The Rise

Year-to-date (YTD), Ethereum – the second-largest cryptocurrency by market cap – has risen by 43%, climbing from approximately $2,280 on January 1 to $3,283 at the time of writing. While this is notable, ETH’s performance has been overshadowed by other cryptocurrencies like XRP, Solana (SOL), and SUI, which have posted significantly higher gains in the same period.

However, Ethereum holds a key advantage over most altcoins – direct access to institutional investors through regulated ETFs, akin to Bitcoin’s position in the market. In a recent post on X, crypto entrepreneur Dan Gambardello highlighted that BlackRock’s Ethereum ETF has now surpassed one million ETH in holdings.

Gambardello noted that ETH’s consolidation below its all-time high (ATH), combined with growing institutional interest, sets the stage for a potential altcoin season “unlike any we’ve ever seen.” Recent ETH ETF inflow data appears to support this outlook.

According to data from SoSoValue, US spot ETH ETFs have had four continuous weeks of net inflows, attracting more than $2 billion in capital. The total net assets held across all US spot ETH ETFs stand at $12.15 billion, equivalent to almost 3% of Ethereum’s total market cap.

Crypto analysts remain optimistic that Ethereum, the leading smart-contract platform, is on track to reach a new ATH. For instance, CryptosRus pointed out that historically, Ethereum has demonstrated bullish price action during the first four months of the next year, following US presidential elections.

The chart below shows that after the 2016 US election, ETH rallied significantly during the first quarter of 2017. A similar pattern was observed in 2021 following the 2020 election, with Ethereum recording four consecutive weeks of price increases.

From a technical perspective, crypto analyst @CryptoPoseidonn shared an 8-hour ETH chart, suggesting that ETH may bottom around the 200-day exponential moving average (EMA), marked in green. The analyst stated:

The first pullback since the last significant upside move, and fear is at its peak. I believe this is where we print a higher low. Dips like these are opportunities to increase your spot exposure.

Is The Market Correction Nearing Its End?

The total crypto market cap has dropped from $3.9 trillion on December 16 to $3.4 trillion at the time of writing – a $500 billion loss in a week. Data from Coinglass reveals that over $289 million worth of liquidations occurred in the past 24 hours alone.

Despite this downturn, seasoned crypto analyst Pentoshi suggested on the 3-day chart that the crash could serve as a retest of the previous crypto market cap ATH recorded in November 2022. If so, this level might act as a base for the next upward rally.

However, not all analysts are bullish in the short term. Renowned crypto entrepreneur Arthur Hayes recently warned of a potential market downturn around Donald Trump’s inauguration in January. At press time, ETH trades at $3,283, up 1.2% in the past 24 hours.

Автор книги «Богатый папа, бедный папа» Роберт Кийосаки (Robert Kiyosaki) снова назвал биткоин средством защиты от экономической неопределенности и пообещал глобальные экономические потрясения в Европе, Китае и США.