Monat: Dezember 2024

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ETH breaks $3,900 as Bitcoin spikes past $103k

  • ETH is showing early signs of an upward rally with the surge to above $3,900.
  • Bitcoin’s surge past $100k could lead to a major breakout for altcoins, and analysts see Etherum leading the surge.

Ethereum (ETH) rose to above $3,900 as Bitcoin finally broke the psychological $100k level to reach its highest ever price of $103,679 on Dec. 5.

Bitcoin soars past $103k

The price of ETH was up more than 5% at the time of writing after spiking to intraday highs of $3,923 across major exchanges. Ethereum’s uptick comes as Bitcoin breaks key levels amid predictions of further gains.

Ki Young Ju, CEO of CryptoQuant, says BTC is far from done with the current surge.

“Fresh capital is fueling Bitcoin. As the realized cap grew, the ceiling price increased from $129K to $146K in 30 days. At $102K, it’s far from a bubble—it would need a 43% surge to hit the threshold often considered a bubble,” he posted on X.

With the breakout for BTC likely to push the flagship digital asset to new highs, analysts are also bullish on ETH. An eventual altcoin breakout could send ETH and other coins to landmark levels.

ETH price predictions

Analysts have shared various predictions for the top altcoin by market cap in recent days. Other than the $4,000 level and the all-time high reached during the previous bull market, analysts have their eyes on $5k to $10k if an altcoin season does happen.

Crypto analyst Miles Deutscher says ETH will lead utility coins up. He also sees Bitcoin’s rally as great news for alts.

“The higher #Bitcoin goes, the bigger the altcoin run will be,” the analyst noted.

Entrepreneur and crypto analyst Michael van de Poppe opined:

“Bitcoin broke through $98K and the $100K barrier was lifted in just a blink of an eye. Altcoins suffering slightly, but imagine the upside altcoins are going to have when Bitcoin continues to consolidate.”

Raoul Pal, founder and CEO of Real Vision, says ETH may have “its nose pressed against the ceiling.” However, should it break higher, the rally could be “spectacular”

ETH currently changes hands near $3,920, up 5.3% in the past 24 hours and nearly 60% up in the past month.

The post ETH breaks $3,900 as Bitcoin spikes past $103k appeared first on CoinJournal.

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Altcoin season: 4 tokens to buy now as some analysts believe they could pump 8000 percent

The long-awaited altcoin season is here, and smart investors are looking for the next big chance to turn their portfolios. Rexas Finance (RXS), Dogecoin (DOGE), Bonk (BONK), and Pepe Coin (PEPE) are some of the standout tokens, according to a growing number of analysts. What appears more interesting is that all these tokens, not just RXS, have the potential to produce massive gains, with some forecasts suggesting the current market cycle could return an unprecedented 8000 percent on investment. Let’s look at why these four altcoins might deserve your attention.

Rexas Finance (RXS): The Future of Asset Tokenization

Rexas Finance is spearheading the development of world-class blockchain in real estate and commodities, such as fine art, by coming up with a platform for tokenization of these tangible assets. This opens up investment channels to a larger population that would have been previously unable to invest due to the high value of such assets. RXS is currently at $0.125 and is in stage 9 of its presale. The project has raised over $20.5 million, and over 291 million tokens have been sold throughout the presale period. Strong interest by investors in the token underscores the likely value of the token once listed in Tier-1 exchanges by the beginning of 2025. RXS will be available for purchase at $0.20 in mid-2025, providing investors with a guaranteed 2X return. Furthermore, there is potential for RXS to reach $5 or more in the long term.

Features Driving Growth

Rexas Finance has a well-integrated ecosystem supported by the following features:

  • Rexas Estate: Transforms the real estate sector by making it possible to secure transactions and purchase ownership based on blockchain fractions.
  • Rexas Launchpad: Provides new blockchain projects that can offer RXS holders investment securities offline.
  • Rexas Token Builder: This makes asset tokenization simple and easy for businesses and individuals without technical knowledge.
  • Rexas GenAI: Empowers its users with artificial intelligence to enhance processes and implement effective practices for NFT generation.
  • Rexas Treasury: Delivers global usage of yield farming techniques, boosting profits from crypto deposits.

Credibility and Security

Rexas Finance has already achieved listings on CoinMarketCap and CoinGecko, increasing its recognition and credibility. The platform has also gone through a CertiK audit, securing its smart contracts and infrastructure.

$1 Million Giveaway

Rexas Finance is conducting a $1 million giveaway to boost the community and motivate early adopters. Twenty winners will be selected, each receiving RXS tokens worth $50,000 each. To participate, users must visit the Rexas Finance site and perform tasks such as following and sharing social media accounts and posts.

Steps to Purchase RXS

The process of buying RXS tokens is straightforward:

  1. Create an ERC-20 compatible wallet, such as Trust Wallet or MetaMask.
  2. Buy USDT or Ethereum (ETH) on any popular exchange and send it to your wallet.
  3. Visit the official Rexas Finance website, log in to your wallet, and perform a transaction to obtain your tokens.

Dogecoin (DOGE): The Original Meme Coin

Continuously garnering the community’s support, Dogecoin’s price currently sits at $0.4233, with a market cap of $62.23 billion as of writing. Day traders are treating DOGE as a currency rather than a meme. Supported by celebrities and gaining more acceptance for payment purposes, DOGE remains appealing to investors. Analysts believe its growing utility in payments and the community could drive significant growth in the next bull run.

Bonk (BONK): The Meme Coin of Solana

Bonk is becoming the first defining meme coin of the Solana ecosystem. Currently priced at $0.00004599, with a total market cap of $3.46 billion, BONK benefits from Solana’s fast and low-cost transactions. With Bonk, adoption and visibility are expected to increase as Solana’s ecosystem expands. Its community-driven nature and low entry point make it an attractive prospect during altcoin season. In recent months, it has shown impressive movement and growth.

Pepe Coin (PEPE): Viral Growth Potential

Pepe Coin, priced at $0.000002042 and with a market cap of $6.59 billion as of writing, stands out among meme coins. Its virality has made it popular among speculative investors.

Though it heavily depends on market sentiment, trading volume, and interest have put PEPE in a position to potentially deliver significant gains in the next bull run.

Conclusion

With altcoin season in full swing, Rexas Finance, Dogecoin, Bonk, and Pepe Coin are the top tokens to buy. While DOGE and Bonk offer the thrill of meme coins, and PEPE capitalizes on virality, Rexas Finance stands out with its innovative tokenization of real-world assets, a robust ecosystem, and strong presale metrics.For investors looking to capitalize on crypto’s next growth phase, Rexas Finance presents a revolutionary opportunity. Visit the Rexas Finance website to join the presale and position yourself for what could be a life-changing investment.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

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Bitcoin hits $100k for the first time as bull run continues

  • Bitcoin reached the milestone on December 5
  • Over the past 30 days, Bitcoin has increased in value by nearly 50% and 140% in YTD value
  • It comes as President-elect Donald Trump named Paul Atkins as the next US SEC chair

Bitcoin has reached a new all-time high, hitting $100,000 for the first time, continuing its bull run since the start of November.

On December 5, Bitcoin broke the $100,000 milestone after getting within touching distance of the psychological level on November 22, at over $99,000. Data from CoinMarketCap shows Bitcoin reached more than $103,500 around 04:05 this morning.

At the time of publishing, Bitcoin is trading at around $101,000. Over the past 30 days, the crypto asset has risen nearly 50% in value while its year-to-date value has increased by 140%.

While there are underlying factors relating to Bitcoin’s price rise, Donald Trump’s presidential victory last month has given the asset a significant push. It also hasn’t hurt Bitcoin that Trump announced pro-crypto Paul Atkins as the next chair of the US Securities and Exchange Commission.

Trump has also picked Scott Bessent and Howard Lutnick to head the US Secretary of Treasury and Commerce departments.

Taking to X, Michael Saylor, CEO of MicroStrategy, said “there’s going to be a $100k party.”

Earlier this week, Saylor urged Microsoft to adopt Bitcoin saying it represents “digital capital.”

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Circle becomes the first stablecoin issuer to meet Canada’s new listing standards

  • Circle received approval from the OSC and the CSA after meeting the VRCA requirements
  • In July, Circle became the first stablecoin issuer to receive a license under the EU’s MiCA’s regulations

Circle has become the first stablecoin issuer to meet Canada’s new regulatory requirements for stablecoins.

In an announcement from Circle, which issues USDC, a US dollar-dominated stablecoin, it said it had received approval from the Ontario Securities Commission (OSC) and the Canadian Securities Administrators (CSA).

By meeting Canada’s Value-Referenced Crypto Asset (VRCAs) requirements, Circle’s USDC can be offered on registered Canadian crypto trading platforms that meet the standards.

Jeremy Allaire, co-founder and CEO of Circle, posted the announcement on X, saying:

“Circle becomes the first stablecoin issuer to comply with the new listing and markets rules for the Canadian crypto market. USDC is the first and only major dollar stablecoin that is compliant with new regulations in Canada.”

Circle received approval ahead of the CSA’s deadline cutoff for delisting non-compliant stablecoins on December 31, 2024.

Speaking about Circle’s achievement, Dante Disparte, chief strategy officer and head of global policy at Circle, said “the availability of USDC in Canada underscores Circle’s compliance with emerging global regulations and marks another step forward in fostering a transparent and accountable digital financial ecosystem,” adding:

“The Canadian Securities Administrators’ proactive approach in providing a digital asset regulatory framework reinforces the integrity of digital asset markets, while ensuring continued reliance on USDC across Canada’s burgeoning ecosystem.”

Circle’s regulatory environment

Elsewhere, Circle is regulated by the US Bank Secrecy Act and holds money transmitter licenses in several US states.

In July, the stablecoin issuer became the first to gain regulatory approval under the European Union’s Markets in Crypto-Assets (MiCA) regulations. The approval grants Circle the ability to issue its USDC and Euro Coin (EURC) stablecoins across the EU.

Additionally, in June 2023, Circle received a Major Payment Institution (MPI) license for digital payment token services in Singapore.

Issued by the Monetary Authority of Singapore, the license enables Circle to offer digital payment token services, cross-border money transfer services, and domestic money transfer services in Singapore.

USDC has a market capitalization worth $40.6 billion, second only to Tether’s USDT, valued at more than $135.8 billion.

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Cardano price prediction: $9.27 forecast as ADA eyes fresh rally, Polygon (POL) and another low-price token could get there earlier

Cardano (ADA) could be heading towards a massive rally as the cryptocurrency market is in a state of dynamic change. The current ADA price sits around $1.2 with recent bullish indicators and growing market confidence leading to forecasts for a $9.27 price goal. 

ADA isn’t the only token expected to surge though, and while Cardano gains traction multiple other tokens such as Polygon (MATIC) and the upcoming real-world asset token (RWA), Rexas Finance (RXS), are also starting to pick up steam, all with different factors that could secure major returns.

Cardano’s Bullish Momentum

Recently the price of Cardano has been rocketing up, increasing quite rapidly in the last few weeks. Investor confidence is bolstered by the fact that the blockchain has been resilient, never experiencing even an 8-hour halt, ever. Notably, Cardano’s total value locked (TVL) has increased by 28.5% above the previous all-time high, indicating a rise in decentralized finance (DeFi) activities occurring on its network. Furthermore, the new platform has crossed 100 million transactions, a significant achievement showcasing more adoption of the new platform.

Analysts are bullish on the future of Cardano’s price movements. Besides, as the whole crypto market is bullish and the fundamentals behind this new champion are strong, some analysts are forecasting that ADA could reach as high as $9.27 over the course of future months. Historical price patterns along with technical analysis suggest that ADA may soon break through critical resistance levels, as implied by this forecast.

Polygon’s Growing Appeal

Another token that is picking up steam on the current market landscape is Polygon. A favorite among institutional investors, it trades for roughly $0.56 and currently has a gas fee of approximately 33.61 Gwei, or very cheap to make a trade. Due to this affordability, the option is very attractive to developers as well as users because this will allow easier transactions and interactions between peers in a decentralized application.

When it comes to Polygon, there’s plenty of interest in it because it grows on the back of its scalability solutions, and it grows on the back of its partnerships, and it grows on the back of its ecosystem. With Cardano’s eventual rally, an increasing number of projects will move or incorporate Polygon, leading to increased demand for MATIC, which could drive its price up in tandem.

The Rise of Rexas Finance (RXS)

Deep into this bullish environment for established cryptocurrencies, edging out Cardano and Polygon, is Rexas Finance (RXS) making a major name for itself in the RWA space. As it stands now in Stage 8 of its presale, RXS fetches $0.10 per token, although the next stage should see prices go up to $0.125. This innovative project has already raised an impressive $19.7 million out of a target amount of $20.75 million and is driven by investor demand to participate in something new.

Rexas Finance aims to tokenize real-world assets such as real estate and commodities to democratize access to high-value investments. Through the use of blockchain technology, RXS seeks to bridge the chasm between conventional finance and digital assets by creating fractional ownership. With the momentum building around RXS, a growing number of analysts expect this token to soar. Sales during the presale of RXS are rapid, and many of the investors have been participating with enthusiasm which proves that many of them believe in the project, believing that it is long-term viable, and will earn them a huge return in the future. Recent audits have shown security and compliance, are approved by CertiK, making investors feel safe when investing.

Looking ahead, we see how the interplay between Cardano, Polygon, and Rexas Finance will dictate how crypto investment strategies will be played out. With Cardano’s recent performance and now established presence, it is set to grow. However, developers who are seeking efficiency will be attracted by Polygon’s low transaction costs. With its unique approach to real-world assets, Rexas Finance differentiates itself, potentially changing the way investors use the traditional market with blockchain. Tieing these all together creates a promising picture for investors seeking to focus on new trends developing in the cryptocurrency space. As Cardano hopes to reach a price point of $9.27 and RXS is slated to become a possible game changer in RWA tokenization, investors may want to delve deeper into these concepts now.

Website: https://rexas.com

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

The post Cardano price prediction: $9.27 forecast as ADA eyes fresh rally, Polygon (POL) and another low-price token could get there earlier appeared first on CoinJournal.