Kategorie: Crypto Analysis

The world is filled with excitement over the new year and crypto investors have more than one reason to be thrilled. In addition to the highly anticipated Bitcoin-led bull run, meme coin enthusiasts are keen on iDEGEN’s listing slated for 1st January 2025. 

The success of this one-of-a-kind social experiment is rooted on its ability to leverage the power of community and AI. As a result, there has been an overflow of investors seeking to be part of this project before it hits the public shelves. Indeed, the over $11 million raised in five weeks says it all. 

Ripple price chart points to a sustained bullish trend

XRP/USD has had a spectacular year; rallying by close to 240% year to date. Among the contributing factors is the overall bullish sentiment that saw Bitcoin surge past $100,000 for the first time ever. Beyond that, easing pressure from the SEC case and the incoming pro-crypto US administration has also bolstered ripple price in recent months.

However, XRP price has lost its bullish momentum; trading in the red for four consecutive weeks. Since 17th December when it momentarily rebounded above $2.5000, it has dropped by about 23% to trade at $2.0912 as at the time of writing.    

Even with the decline, the fundamentals remain steady. Investors are hopeful of a crypto-friendly environment under Donald Trump; an aspect that will further fuel the highly anticipated bull run of 2025. Besides, Ripple’s heightened adoption for cross border payments is set to boost its price in coming months. 

A look at its daily chart shows it holding steady above the medium-term 50-day EMA although it has dropped below the short-term 20-day EMA. As such, it will likely be range-bound in the short term, holding steady above the crucial support zone of $2.0000. 

Meme coin enthusiasts start count down to iDEGEN’s listing

It has been 5 weeks since the launch of iDEGEN; a unique social experiment that has highlighted the limitless potential of the union between artificial intelligence and social media. During this period, over 1 billion $IDGN tokens have been sold; raising more than $11 million. Ahead of the listing slated for 1st January 2025, investors have a 

Unlike most meme coins whose presales are largely governed by their creators, iDEGEN has been operating on the principle of “for the community, by the community”. To start with, the project began on a blank slate, employing no censorship, restrictions, or initial knowledge. It is the crypto degens on X that have fed it with data in the form of tweets and hashtags. This knowledge is what the AI agent uses to generate a tweet after every 60 minutes.

The outcome of this model has been heightened online engagement with more investors coming on board for fear of missing out. As is part of the meme coin culture, the virality of a project is crucial for its success. 

Besides, iDEGEN has been developed in such a way that its holders get the value they asked for as opposed to a random figure generated by its creators. In its dynamic pricing model, $IDGN token price changes every 5 minutes depending on its demand. 

In the absence of a single purchase within a timeframe of 5 minutes, the price drops by 5%. Similarly, purchases in two consecutive intervals yields a price increase of 5%. After its listing, the price will be 10% higher than at the close of the auction. 

Notably, this unique approach has attracted more savvy investors. iDEGEN is not just an AI meme coin that has gone viral, it is a viable investment opportunity for crypto whales and everyday investors alike. Besides, its pricing model lowers the likelihood of dumps as is often the case when a meme coin hits the public shelves. You can buy the IDEGEN token here.

Death cross pattern points to Solana’s range-bound trading

Solana, the 6th leading cryptocurrency by way of market capitalization has faced resistance at the previously steady support zone of $200 since dropping below this level two weeks ago. A look at its daily chart shows a bearish death cross pattern, with the short-term 20-day EMA crossing the medium-term 50-day EMA to the downside. 

 

In the near term, SOL/USD will likely find resistance along the 50-day EMA at $204.90 while finding support at $185.12. Further rebounding may have it tested at $210.68, beyond which the bullish momentum will be back on track. 

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• Expectations for a “Santa rally” were dashed as prices of major coins traded sideways throughout the festive week.
• Spot crypto ETFs logged mixed performance while open interest continued to fall across major cryptos.

Bitcoin

Bitcoin’s price fell from a weekly high of $99,859 to close at $93,449. However, the intermediate time frame analysis shows ranging movement that failed to break the previous week’s high or low.

Meanwhile, Bitcoin spot ETF flows logged four consecutive days of net outflows leading into Dec. 24. For the week ending on Dec 27, inflows were a net negative $89.70Mn.

Bitcoin’s open interest in the CME continues to dwindle with a strong price correlation as traders close their positions for the year.

BTC trades at $93,970.06 as of publishing.

Ethereum

Ethereum’s price action ranged throughout the week on lower volumes and open interest in the official markets and across major exchanges. Like Bitcoin, Ethereum’s price failed break below the previous week’s low at $3,094.67 or a range high at $3,550.80.

Spot ETH ETF flows show positive net weekly inflows of $349.3Mn after logging four days of positive inflows. On the other hand, open interest data shows dwindling levels as traders close contracts while winding down at the end of the year approaches.

ETH trades at $3,418.21 as of publishing.

Solana

Solana’s price action ranged between a locally formed high at $202.00 and the previous week’s low at $175.10. Price tested the range high on Dec. 25, driven largely by retail traders, but failed to break above.

Open interest data shows fluctuating levels, but generally lower compared to previous weeks.

SOL trades at $193.07 as of publishing.

Ripple

Ripple’s price action ranged as well, reaching a weekly high of $2.34 and logging a low of $2.11. However, within this range, price trends lower.

Open interest data shows sporadic levels driven largely by pockets of retail traders.

XRP trades at $2.06 as of publishing.

The post Weekly Price Analysis: No Santa Rally as Prices Range appeared first on CoinJournal.

While the cryptocurrency market continues to grow, traders must be able to differentiate promising assets in a market of high risk, high reward. Some altcoins are ripe for growth, while others just don’t have the fundamentals for long term value. In this article, we reviewed two cryptocurrencies we think no investor needs to have in their portfolio by 2025, and two others that we believe traders should consider for portfolio diversification.

Cryptocurrencies to Avoid in 2025

Shiba Inu ($SHIB): Meme Appeal, Limited Value

Shiba Inu rose to flourish through meme culture and community driven hype. While it was successful at first, the token faces the challenge of a lack of practical real-world uses. However, as it depends on market sentiment, this choice runs the risk of being a bad one for long term investors.

Not having significant utility and relying so heavily on speculative trading, the token’s price may stall out. Since the market is maturing, traders may move to more concrete applications of projects and $SHIB might suffer from steep declines. Shiba Inu may not stay interesting as a viable option for investment by 2025.

BitTorrent (BTT): Overcrowded Market, Limited Differentiation

The decentralized data-sharing sector that BitTorrent operates in is a very competitive and mature industry: its growth has slowed due to surges in use, while its fundraising has been subject to easy audits and high profile criticism.

Other than that, there’s really not a lot else, and the platform finds itself in a struggle to differentiate itself from others. It provides this lack of innovation challenges to its long term growth. BitTorrent’s strong competition within the sector could reduce market performance, and thus return, for investors. Despite limited adoption and decreasing interest, BTT could turn out to be an ill performing asset. Therefore, traders should think to steer from this cryptocurrency in the years to come.

Cryptocurrencies to Buy Like There’s No Tomorrow

Rexas Finance (RXS): Innovation Meets Real-World Utility

By seamlessly combining blockchain technology with typical financial systems, Rexas Finance is redefining asset tokenisation. The project has made quite an announcement that has been taken very seriously, as it is continuing to move through its presale phases at a rapid pace while delivering impressive market demand. Its growth potential is highlighted by a growing number of analysts, some of whom say it could climb by 3,500% in value.

Rexas Finance’s initial tokenomic design focuses on providing long term scalability and liquidity to support stability with incentive to early investors. There will be structured allocation of the tokens below: 42.5% will go to presale, 22.5% will be used for staking rewards, and 15% will be assigned for liquidity. Also, thanks to the Certik audit and over 463,820 community engagement, the project is certainly credible and really on the road. Real world asset Tokenization becomes the consequent focus for the platform that serves as a transformative force in the blockchain industry. Rexas Finance is a compelling investment to traders who wish to reach their financial milestones by 2025 owing to its innovative approach, strong fundamentals.

XRP: Functional and Established Value

For the most part, XRP is the cryptocurrency behind RippleNet that speeds up cross border transactions with lower fee and quick settlements. Its practical applications have drawn banking partners around the globe thus enhancing its adoption of its value proposition. Its appeal stems partly from a token’s scarcity model, and a portion of XRP is burned every transaction. Ripple’s use of escrow to hold an appreciable quantum of XRP supply stabilizes conditions on the market side. With the adoption growing, XRP is a real tough competition as an option for traders looking to earn reliable returns.

Conclusion

In a volatile crypto market, you need to make an informed decision. By 2025, Shiba Inu and BitTorrent, which have such little utility, and exacerbate competition issues, pose real portfolio risks. However, Rexas Finance and XRP present themselves with their unique ideas and solid fundamentals. In particular, Rexas Finance possesses truly unmatched growth opportunities thanks to its asset tokenization model and structured tokenomics. If you want to invest on the changing face of crypto, investing in XRP and Rexas Finance can be your best bet to become rich.

Website: https://rexas.com

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

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

Telegram: https://t.me/rexasfinance

 

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Crypto prices had a mixed performance during the Christmas season. While some tokens like Huobi (HT) and Bitget Token (BGB) surged, many others erased their Santa Claus rally gains and plunged. This article looks at some of the top coins like Huobi Token (HT) and Bitget Token (BGB) and predicts whether they have more upside to go.

Bitget Token price analysis

The daily chart shows that the Bitget Token price has gone parabolic and defied gravity, making it one of the best-performing tokens in the crypto industry. The BGB token surged to a high of $8, much higher than the November lows. It has moved above all moving averages, while the Relative Strength Index (RSI) and the Stochastic Oscillator have moved to the extreme overbought level.

Therefore, the Bitget token will likely move into the distribution phase of the Wyckoff Method. The Wyckoff method identifies a few stages that assets go through like accumulation, markup, distribution, and markdown. As such, there are odds that it will drop sharply in the near term.

Crypto Price Predictions: Bitget Token, Huobi HT, iDEGEN

iDEGEN price analysis

The iDEGEN token was one of the main breakthrough coins during the Christmas Season. As its token sale gained momentum and went viral, iDEGEN thrived because of its positioning as the best AI crypto in the world. Its goal is to become a key player in the crypto and social media industry. 

Each time a user posts, the iDEGEN technology takes that data and then sends engaging posts each hour. 

Data on its website shows that it has raised over $9.4 million from investors, and the momentum has continued to accelerate. 

The iDEGEN token sale has also gained momentum because of the recent success of other crypto projects that have gone through token sales like Poodlana, Pepe Unchained, and Bitcoin Dogs have turned so many people into millionaires as their tokens rose. You can buy the iDEGEN token here.

Huobi Token Price analysis

The Huobi Token price has jumped sharply in the past few days. It rose to $1.4630 on Thursday as other exchange tokens continued their rally. This was a notable level because it was at the highest point this year. 

Huobi Token has risen above the 50-day and 25-day moving averages. Also, oscillators have all pointed upwards, a sign of renewed momentum.

However, the HT token has formed a triple-top pattern, a popular bearish sign. Therefore, the coin will likely resume the downtrend in the next few days, a move that will see it retest the support at $0.9112. A move above the triple-top pattern at $1.4630 will invalidate the bearish view.

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Despite their elevated volatility, cryptocurrency has been the best investments in the last decade. Bitcoin has surged from less than $1 in 2019 to a record high of $108,000 this year. Also, the market cap of all cryptocurrencies has jumped from zero to over $3.3 trillion today. So, here are the best three cryptocurrencies that will help you turn $100 to $100k in 2025. 

Chainlink (LINK)

Chainlink is one of the best crypto to buy because of its strong fundamentals. The network has become the world’s biggest oracle provider, supporting top platforms like AAVE and Compound. It has also inked major partnership deals with the likes of Coinbase, Swift, UBS, and Emirates NBD. 

In addition to oracles, the network launched the Cross-Chain Interoperability Protocol (CCIP), which plays an important role in Real-World Asset (RWA) tokenization. Chainlink also offers staking, allowing users to delegate their tokens to earn a monthly return. 

Also, LINK will soon become deflationary a its token unlocks are set to end, a move that will create more value for its tokens. There are also rising odds that a spot LINK ETF will be approved in the next few years. As such, there is a likelihood that the LINK token will go parabolic soon.

iDEGEN (IDGN)

The other popular crypto that will likely surge and turn $100 to $100k in 2025 is iDEGEN. Unlike Hedera Hashgraph and Chainlink, it is now in a presale, in which it has raised over $9.4 million from investors. It has done that by selling over 1.11 billion tokens.

iDEGEN token sale has gained momentum because of the recent crypto bull run and the fact that some new token sales have done so well. For example, some presale investors were able to generate substantial returns by just investing in Pepe Unchained, a token whose market cap has jumped to almost $90 million. 

iDEGEN has also gained traction because of its focus on artificial intelligence, the fastest growing technology today. This tech has helped to supercharge companies like Nvidia, Apple, and Broadcom into trillion-dollar entities. Therefore, there is a likelihood that the token sale will continue doing well.

Additionally, iDEGEN token is priced significantly cheaper than its eventual listing price, guaranteeing profits to holders. You can buy the iDegen token here.

Hedera Hashgraph

Hedera Hashgraph is another quality crypto to buy for substantial gains in 2025. It is a leading layer 1 network that offers better solutions than Ethereum. It has superior speeds, with the ability to handle thousands of transactions per second. Also, Hedera has substantially lower fees than other layer-1 and layer-1 chains.

Hedera has partnerships with some of the biggest companies in the world like Google and IBM, that form part of its governance council. This means that the network will be used to power their blockchain projects. 

Hedera has also been mentioned as a potential crypto that will have a spot ETF in 2025. In a recent note, Eric Balchunas a senior Bloomberg analyst, noted that the SEC may approve a spot Hedera ETF because the SEC has not mentioned it as a security. Therefore, the ETF hype will likely push its price much higher.

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