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First and foremost, a very Happy New Year to all of you! Qtum hopes that you and your family had a fruitful 2021, and may 2022 give you even more joy than ever before. Now, as we wrap up December, it is impossible to start with anything other than our first halving! On December 1, […]
To celebrate Ontology’s 4th anniversary, Ontology launched the special event “Cyberspace 4 Philosophers”. All 10,000 NFTs were fully sold out within 7 days, demonstrating the extraordinary enthusiasm of Ontology’s community members. Congratulations to everyone who managed to mint their NFTs! The staking has already started, and everyone who holds an NFT is welcome to join! […]
Bitcoin’s bounce from its low timeframe range lows has dragged the market upward in the past couple of days. Avalanche posted a strong recovery from its performance earlier this month when it saw some accumulation occur in the $80 region. Cardano formed a triangle pattern and could begin to move upward, following the market’s trend […]
Cardano found strong support at $1.2, while Solana also saw demand at the $168-$170 area. However, if Bitcoin slides towards the $42k pocket over the next few days, most altcoins can expect to see heavy red. Shiba Inu also faced strong selling pressure. Cardano [ADA] Source: ADA/USDT on TradingView ADA formed a descending triangle pattern […]
As Bitcoin entered the $46,000-mark, the corresponding effects were witnessed in most altcoins as they struggled to counter the bearish force. As a result, Cardano, Binance Coin, and the Sandbox were trading in the red zone over the past day. Cardano (ADA) Source: TradingView, ADA/USDT While most cryptos relished an Uptober, ADA lost nearly 60% […]
As the broader market continues its steady slump, Shiba Inu and IOTA see a breakdown below the 61.8% Fibonacci level. Moreover, Cardano bears breached the crucial $1.26-mark while the near-term technicals for all these cryptos demonstrated a bearish bias. Cardano (ADA) Source: TradingView, ADA/USDT ADA continued its bearish streak and formed a descending triangle on its 4-hour […]
In a relatively new industry like blockchain, change is a constant state. When Ontology launched at the end of 2017, Bitcoin was putting crypto on the map through continuous price surges, before crashing at the end of 2018. Since this time, in an uncharted landscape that at times seemed dominated by speculation, Ontology strove to […]
Investors constantly search for projects with massive growth potential in this dynamic environment. With new projects emerging regularly, it can be tough to identify which ones stand out. Among the vast landscape, three altcoins are creating a buzz right noweach with the unique potential to shape the future of digital assets. While some coins are […]
As the cryptocurrency market grows and diversifies, investors have many opportunities to explore innovative projects with strong growth potential. This week, we focus on the best crypto to buy today, highlighting Qubetics, Bitcoin, Chainlink, Monero, and Arweave. Each of these projects offers unique features and solutions that cater to current market demands and the long-term […]
Memecoins surged to as high as $137 billion in December before falling to as low as $92 billion in the same month. The memecoin market lost over $40 billion in December, with traders witnessing massive volatility and shifting opportunities.
Bitcoin (BTC) experienced a rather turbulent end to November, reaching a local bottom of $90,796 on Tuesday. Notably, the market bulls have shown some resilience in the past few days producing a market gain of 5.9% to move the digital asset back above $96,000. Interestingly, as December begins, popular market analyst Ali Martinez has backed BTC to resume its uptrend reaching a potential price target of $140,000. Related Reading: Bitcoin Funding Rates Surge 20% On Major Exchanges Whats Happening? Prepare For Bullish December – Analyst In an X post on November 30, Martinez predicted Bitcoin is likely to maintain a positive performance going into the last month of 2024. So far, the crypto market leader has captured significant investor interest in Q4 2024, gaining by 10.76% in October and 37.99% in November. The BTC market has been strongly bullish, driven by several factors including the recent Fed rate cut in November, Donald Trumps electoral victory, and high market inflows into the spot Bitcoin ETFs. Moving forward, December historically presents itself as a two-phased month for Bitcoin proven by an average return of 5.45% and a median return of -3.59% over the past 11 years. However, Martinez explains that Bitcoin has traditionally surged in any December following the US Presidential elections, as evidenced by gains of 30.80% and 46.92% in 2016 and 2020, respectively. If the premier cryptocurrency mirrors this similar pattern from these previous bull cycles, the analyst predicts Bitcoin to trade between $125,000 – $140,000 before 2024 runs out. According to data from the BTC weekly chart, the assets 100-day simple moving average (SMA) remains far above its price signaling an uptrend continuation in agreement with Martinezs projection. However, a relative strength index (RSI) of 75.56 indicates Bitcoin has been overbought and is vulnerable to sudden price falls. Related Reading: Bitcoin Flows To Binance Hit Historic LowsIs Market Confidence Soaring? Investors Withdraw $5 Billion Bitcoin From Exchanges In more positive news for the Bitcoin community, over 55,000 Bitcoins, valued at $5.34 billion, have been moved from crypto exchanges over the last three days. This development is largely interpreted as bullish as it reduces available Bitcoin supply on exchanges, potentially decreasing selling pressure. Moreover, it signifies investors’ anticipation of immediate price gains by BTC. At the time of writing, BTC trades at $96,203 following a 0.43% loss in the past 24 hours. In any further ascent, Bitcoin will encounter minor resistance at $97,300, which should provide no major opposition as the premier cryptocurrency is largely tipped to break above $100,000 sooner or later. Meanwhile, BTCs daily trading volume, valued at $31.98 billion, is down by 41.27% indicating a decline in traders’ participation and general market activity. Featured image from Medium, chart from Tradingview
XRP's technical analysis points to a potential 20% price decline in December, with overleveraged positions likely exacerbating the downward pressure.
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