Schlagwort: blockchain markets

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Can Curve DAO (CRV) hit $1.5 before this token after the 286% surge?

  • Curve DAO (CRV) hit a 22-month high at $1.33 after a 286% surge, driven by the launch of the Savings crvUSD stablecoin.
  • Currently in the overbought region, CRV may face short-term consolidation before aiming for $1.5.
  • iDEGEN combines meme culture and AI technology with a dynamic pricing model, creating volatility and potential for capital gains.

As December unfolds, the cryptocurrency market is witnessing a remarkable surge in prices, with Curve DAO (CRV) leading the charge. The token has started December with a 52% weekly surge, catching the attention of both seasoned investors and newcomers alike.

Following the strong CRV performance, many are now questioning whether it can continue its upward trajectory and whether it can reach $1.5 as another token, iDEGEN, emerges with a unique approach to community engagement and dynamic pricing.

Curve DAO (CRV) hit a 22-month high

The Curve DAO (CRV) token hit a 22-month high of $1.33 on December 7, driven largely by the launch of the Savings crvUSD stablecoin.

The Savings crvUSD stablecoin not only allows users to earn rewards but also positions CRV as a potential competitor to other stablecoin platforms. The decision to introduce scrvUSD — a yield-bearing stablecoin — has increased investor interest, pushing CRV’s open interest to an all-time high of $262 million according to CEX.IO analysts.

Despite a recent 7% correction, CRV’s market cap remains robust at $1.6 billion, signalling strong underlying support.

With the daily trading volume rising to $635 million, CRV appears poised for further gains. However, the asset’s Relative Strength Index (RSI) indicates that it is currently overbought, suggesting a potential short-term price pullback before it can continue its upward momentum.

The next significant resistance for CRV lies at $1.08, with support at $0.8672. If it can maintain a closing price above $1.08, it could aim for the next resistance at $1.22, putting $1.5 in sight if momentum sustains.

iDEGEN emerges as a promising alternative

While Curve DAO (CRV) continues to capture attention with its established DeFi protocols, a new player, iDEGEN, is quietly making waves in its presale.

Launched in November 2024, iDEGEN combines meme culture with cutting-edge AI technology to create a unique digital asset that evolves based on community engagement on X. This dynamic approach allows the AI behind iDEGEN to learn and adapt from every interaction, creating a project that is continuously shaped by its users.

The ongoing iDEGEN presale has already raised over $3.4 million, with more than 655 million tokens sold. The presale features an innovative dynamic pricing model that adjusts the iDEGEN’s native token’s ($IDGN) price every five minutes based on purchase activity, creating a volatile yet exciting environment for early investors.

If a single purchase is made within five minutes, the price remains the same in the next five-minute session. However, if consecutive purchases are made the price increases by 5% while if no purchase is made the price decreases by 5%.

The iDEGEN presale will conclude on January 1, 2025, with a planned listing price 10% higher than the final presale price, presenting a unique opportunity for capital gains.

Notably, iDEGEN’s approach to tokenomics and the dynamic pricing model make it an interesting counterpart to CRV in the market.

Which token could hit $1.5 first?

While CRV benefits from an established user base, a robust market cap, and a strong DeFi ecosystem, it faces short-term resistance levels and an overbought RSI, which might require a brief consolidation before it can aim for $1.5.

On the other hand, iDEGEN’s dynamic nature and innovative community-driven model suggest it could potentially capitalize on its early momentum and community engagement more effectively. The unique pricing strategy and the upcoming token listing could act as a catalyst for price appreciation, allowing iDEGEN to potentially outperform CRV in the short term and hit $1.5 sooner.

However, the long-term viability of iDEGEN depends on maintaining user interest and the success of its innovative tokenomics.

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Missed JasmyCoin (JASMY)? This AI token could be the next catch

  • JasmyCoin has surged 119% to $0.05534, driven by IoT use and strong investor sentiment.
  • iDEGEN’s has raised $2.5M in its ongoing dynamic, community-led presale.
  • iDEGEN adapts via AI and social media, offering speculative potential pre-listing.

JasmyCoin (JASMY) has surged to new heights, captivating investors and crypto enthusiasts worldwide. Its remarkable performance has led to significant gains, positioning it as one of the top-performing altcoins in the market.

However, for those who may have missed out on JasmyCoin’s initial rise, a new opportunity is emerging. iDEGEN, an AI-powered meme token, is gaining momentum and could be the next big thing in the crypto AI world.

JasmyCoin’s meteoric success

JasmyCoin’s journey has been one of impressive growth and resilience. Just a few days ago, on December 1, JASMY was trading at $0.027. Today, it has surged by 119%, reaching a price of $0.05534 and surpassing a $2.73 billion market cap.

This price increase reflects strong investor interest, as JASMY has emerged as the top-performing altcoin in the market.

The recent success of JasmyCoin can be attributed to several factors. First, the project is backed by a strong use case in the blockchain-based Internet of Things (IoT) space, which has contributed to its growing demand.

Additionally, data from Santiment shows that the market cap has soared to $2.5 billion, indicating that investors are flocking to the coin.

Interestingly, the IntoTheBlock Global In/Out of Money (GIOM) metric reveals that 86% of holders are in profit, with no participants at a loss.

The market sentiment around JasmyCoin remains strong, driven by technical analysis that highlights an inverse head-and-shoulders pattern

For those who may have missed out on JasmyCoin’s rise, now might be the time to take a closer look at iDEGEN, a new AI-powered crypto project that’s making waves in the crypto space.

Why iDEGEN could be the next JasmyCoin

iDEGEN, a new AI-powered meme token, presents an exciting opportunity for investors who may have missed the early days of JasmyCoin’s success.

What sets iDEGEN apart is its unique and innovative approach to community engagement and its dynamic presale model.

The presale, which launched on November 26, 2024, has already raised over $2.5 million, with more than 434 million tokens sold. This level of engagement demonstrates the strong community interest in the project, and with the presale ending on January 1, 2025, there’s still time to get involved before the token hits major exchanges.

Unlike traditional presales, iDEGEN’s dynamic pricing model makes this token sale even more interesting. Every five minutes, the price of $IDGN adjusts based on market activity.

If a purchase is made, the price remains the same for the next five minutes, but consecutive purchases cause the price to increase by 5%. If there are no purchases, the price decreases by 5%. This creates a fast-paced, unpredictable environment, attracting traders who thrive on volatility and excitement.

iDEGEN also stands out by harnessing the power of artificial intelligence (AI) to adapt and evolve based on community feedback. The project’s AI learns from every tweet, comment, and interaction it receives on X, enabling the community to shape its development. This level of engagement makes iDEGEN not just another meme coin, but a project deeply integrated into the crypto and social media landscapes.

For those looking to catch the next big crypto opportunity, iDEGEN represents a fresh, innovative project that’s already generating buzz. If you missed JasmyCoin’s early success, now is the perfect time to consider jumping on board with iDEGEN before it hits its stride.

With an expected listing price 10% higher than the final presale price and a community-driven approach, iDEGEN has all the potential to be the next big success story in the crypto world.

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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.

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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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PEPE eyes bounce amid Binance.US listing, whale accumulation

  • PEPE is seeing increased whale accumulation as price bounces near key level.
  • The meme coin could explode amid further buy-side pressure as Binance.US lists token.

Pepe (PEPE) has recorded a notable increase in price amid bullish momentum. However, bulls could see another huge move as the surge in whale activity points to long term positioning.

Per market data, the meme coin’s holder composition had a net inflow of 580 billion PEPE and an outflow  of 534 billion PEPE on Dec.3. As the market trends indicate  Pepe whale accumulation, this outlook suggests a potential impact on price as buying pressure mounts.

PEPE whale activity

According to Lookonchain, PEPE whales continue to accumulate the meme coin. This comes even as some long term holders take profits.

While a whale deposited 356.2 billion tokens worth $7.3 million to Kraken, recording a return profit of 31x, others have quickly gobbled up the meme coins from the market.

Over the last 20 days, one whale went on an accumulation spree. Per Lookonchain data shared on X, the whale withdrew about 337 billion Pepe tokens worth nearly $7 million at the time from Binance. This happened as PEPE price jumped alongside the broader meme market. The sector is one of the few that rode the “Trump trade” narrative to record notable upticks.

According to IntoTheBlock data, Pepe has seen a decline in the number of large transactions by 3% in the past week. However, the number of addresses in profit has increased to 83%, with those out of the money at only 1%. Holders at the money currently count at over 54.8k addresses, or 15.6% of total holders.

Pepe price eyes bullish flip amid Binance listing

Binance.US will list PEPE for trading on Dec. 5. The news has coincided with a flip in the meme coin’s price. Here’s the exchange’s announcement.

In terms of price, PEPE has maintained a consolidation range of $0.00001919 – $0.00002109 in the past 24 hours. The token’s value has jumped 14% in the past week, 152% in the past month and over 1,500% in the past year.

The meme coin, which is the third largest in the market behind Shiba Inu and Dogecoin, has a market cap of $8.69 billion. The 24-hour trading volume has jumped 9% to over $4.2 billion.

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