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MOVE token launched with a $1.6 billion market cap after its Binance listing and airdrop. The token recorded $450 million in trading volume within the first 90 minutes of launch. Movement Labs raised $38 million in Series A funding earlier this year, led by Polychain Capital.
Movement Network, a blockchain platform built on Ethereum’s layer-2 using the MoveVM, launched its native token, MOVE, on Monday with a massive airdrop.
The airdrop distributed one billion MOVE tokens to early adopters and community members.
MOVE Airdrop Triggers 60% Rally for the Token
The token debuted on Binance’s airdrops portal and also secured listings on South Korean exchanges Upbit and Bithumb.
Within six hours of its launch, MOVE currently trades at 74 cents, reaching a market capitalization of $1.6 billion. Trading activity surged, with nearly $450 million in volume recorded in the first 90 minutes.
“Someone farmed 36 wallets for Movement network and got 90,000+ MOVE airdrop, currently worth around $66,000,” DeFi influencer Tobi wrote on X (formerly Twitter). Movement Labs, the team behind the network, raised $38 million in a Series A funding round. This was led by Polychain Capital in April.
Most notably, the network uses the Move programming language, originally developed by Facebook. The language also powers other blockchain projects like Sui and Aptos.
The total supply of MOVE is capped at 10 billion tokens. Of this, 10% was allocated to early users and the community, while 22.5% was reserved for investors. Another 10% is designated for the network’s foundation.
Airdrops Continue to Drive #Crypto #MarketActivity Airdrops have been a major trend in this year’s crypto market. Earlier this year, TON’s tap-to-earn games on Telegram, such as Hamster Kombat, fueled interest with promises of substantial rewards.
Other projects have followed suit. Layer-1 network Hyperliquid’s token, HYPE, saw a 60% price jump after a major airdrop earlier this month.
🚀These 5 Bullish Altcoins Could Turn $1K Into $5M by 2025
The crypto world is abuzz with opportunities, and five standout altcoins are gaining traction as potential wealth builders for savvy investors. A modest $1,000 investment today could transform into millions by 2025. Here’s a quick look at the top contenders:
CYBRO
CYBRO is an AI-driven DeFi platform revolutionizing staking, yield farming, and lending. With $7M raised in presales and a 450% price surge, it’s set for a major exchange listing. Features like one-click strategies and competitive APY vaults position CYBRO as a high-growth opportunity.
Solana (SOL)
Known for its scalability and fast transaction speeds, Solana powers decentralized apps (dApps) with efficiency. Its native token, SOL, supports smart contracts, rewarding network participants, and fueling its ecosystem.
Avalanche (AVAX)
Avalanche offers eco-friendly, scalable blockchain solutions with its versatile Subnets. With transaction finality in under 2 seconds and low fees, AVAX is a key player in blockchain innovation.
Chainlink (LINK)
As a bridge between blockchains and real-world data, Chainlink enables smart contracts to interact with external systems securely. Its decentralized oracle network expands blockchain utility across industries.
Polkadot (DOT)
Polkadot enhances blockchain interoperability, enabling seamless communication between networks like Ethereum and Bitcoin. Its parachains improve scalability and transaction efficiency.
Conclusion:
While SOL, AVAX, LINK, and DOT offer strong foundations, emerging projects like CYBRO present unparalleled growth potential. With its AI-powered DeFi tools and innovative ecosystem, CYBRO could redefine the future of blockchain investments.
PEPE Explodes 20% Daily to New All-Time High PEPE’s market cap has risen to over $11 billion now.
PEPE has resumed its bull rally that started in early November by skyrocketing by 20% in the past 24 hours to chart a fresh peak at over $0.000026.This comes after recent reports about whales accumulating substantial portions of the third-largest meme coin.
CryptoPotato reported on November 13 PEPE’s impressive surge that pushed the asset north by 100% within the span of a week and 50% daily at the time. This was due some listings on large exchanges like Coinbase and Robinhood. In the following weeks, PEPE, alongside many other meme coins, calmed and retraced by up to 25%. However, this didn’t deter investors from it. Just the opposite, on-chain data showed that whales continued to accumulate the asset with several big purchases within days. Such acquisitions typically precede price rallies for the underlying asset due to the declining available supply.
This surge indeed transpired just days after we reported the whale purchases. In the past 24 hours alone, PEPE went on the offensive hard, spiking by 20% and breaking its November 13 all-time high. The latest peak came just minutes ago at $0.00002622, according to CoinGecko data. Thus, PEPE has solidified its position as the third-largest meme coin. It has also climbed to the 23rd overall position among all cryptocurrencies, with a market cap of over $11 billion. The ever-loud PEPE community was quick to celebrate the move and some even predicted a bigger increase that could help it surpass SHIB to become the second-largest in its realm.
SHIB’s current market cap is at $19 billion, which means that PEPE is about $8 billion away. Although that seems like a substantial difference, this bull cycle has marked numerous mindblowing rallies so everything is possible these days. #pepe⚡ #PEPE_EXPERT #PepeCoinToTheMoon
60.9 Billion Dogecoin (DOGE) in 24 Hours, What Is Happening?
Dogecoin (DOGE) is currently making waves and setting new records in market activity. Large holders have shifted 60.9 billion DOGE in the last 24 hours, indicating the meme coin’s bullish potential.
Soaring DOGE whale activity According to IntoTheBlock data, Dogecoin's large transaction volume has increased by 40.1% in the last 24 hours. The large transaction volume amounted to $23 billion or 60.9 billion DOGE within this period.
The rise in whale transaction volume demonstrates investors' increasing confidence in the asset. This renewed confidence among whales would help maintain stability and more price boom soon. According to IntoTheBlock's definition, large transactions refer to those greater than $100,000. A surge in the metric usually indicates strong buying or selling pressure. Intriguingly, it coincides with an outstanding increase in the price of DOGE.
As of this writing, DOGE is trading at $0.4476, up 4.3% in the last 24 hours. This increase has pushed weekly and monthly gains to 5.66% and 137.8%, respectively. The prevailing market performance shows Dogecoin may soon experience a price rebound. Short-term traders might choose to bet on Dogecoin due to the increased volume. This move could lead to a further boost in market activity and prevent a sharp sell-off, which would have caused the price to fall.
DOGE shows signs of bullish holiday season Technically, DOGE's price recently broke through key resistance levels and began to exhibit indications of a possible bullish reversal. Rising volumes, a traditional sign of sustained momentum, support the ongoing price surge.
Moreover, Dogecoin's December performance over the past decade offers hope for bullish sentiment this year. For instance, DOGE recorded an outstanding 337.5% gain in December 2017 and a more moderate rally of 32.4% in 2020. Last year, DOGE’s price grew moderately by 7.01%. This historical trend now positions DOGE as a cryptocurrency to watch this holiday season. #DogecoinCommunity #doge⚡ #DogeForever
With the token forming its first notable bearish signal since the recent surge, XRP's explosive rally may be coming to an end. The provided chart indicates a lower high, which could indicate that the current uptrend is losing momentum. Indicators of a possible price reversal, such as this development, could result in additional retracement in the days ahead.
Because it frequently signals the start of a downtrend, the lower high signal is especially worrisome for those who are bullish on XRP. There is a chance that selling pressure will increase, since XRP has failed to break its previous peak, especially if volume keeps declining as it has in recent trading sessions. Maintaining a rally requires volume, and a decline in it frequently indicates waning investor interest or profit-taking activity. Investors keeping an eye on XRP should pay particular attention to three crucial price levels.
The first is $2.30, a close-by support level that might hold in the near future. The next major support if this level fails is located at $1.275. This region may serve as a more robust barrier against additional losses because it aligns with the asset's prior consolidation zone. If selling pressure increases past this point though, XRP may test $1.13, which is in line with the 50-day EMA and a crucial psychological support level.
To invalidate the bearish signal and restore bullish momentum, XRP needs to recover $2.80. A considerable increase in volume indicating a resurgence of buyer confidence would be necessary to accomplish this. Despite XRP's remarkable rally, this lower high formation should be taken as a warning. When preparing their strategies, investors should take these important levels into account and be ready for possible volatility. XRP's response in the upcoming sessions will determine whether this signal signals the beginning of a long-term correction or a brief setback.
💥120 Million XRP Grabbed on Dip as Whales' Activity Picks Up
Cryptocurrency analyst and trader Ali Martinez has shared data that shows that cryptocurrency whales have accumulated a massive amount of XRP over the past few days. It happened once the XRP dropped substantially and the market provided a big buy-the-dip opportunity.
According to his tweet and the data shared by Santiment on-chain data vendor, between Dec. 4 and 7, when the XRP price displayed a drastic 23% plunge from $2.90 to $2.22, whales charged and grabbed a mind-blowing 120 million XRP worth approximately $288 million at the time of the purchase.
On Friday, more than 22 million XRP were bought and withdrawn from the world’s largest crypto exchange Binance.
Since that drop, XRP has been consolidating, moving sideways in the range between $2.23 and $2.43. Over the past 24 hours, it has staged a surge by 8% and is currently trading at $2.43514.
Earlier this week, between Dec. 1 and Dec. 3, XRP sent shock waves through the cryptocurrency market by staging a 51.5% spike and surpassing the $2 level. Thus, XRP made its way back to the top-three position in terms of market capitalization value as it had added roughly $100 billion over the past four weeks.
XRP loses 3rd largest crypto spot as Ripple confirms postponing stablecoin launch 🚀
Ripple, widely known for its cross-border payments in the crypto space, has postponed the launch of its stablecoin, $RLUSD, as it awaits a final nod from the New York Department of Financial Services. In an official announcement on X, Ripple said, “$RLUSD isn’t launching today.” on Dec. 5. Despite some speculation, $RLUSD isn’t launching today. We’re in lockstep with the NYDFS on final approval and will share updates as soon as possible.
We are fully committed to launching under the supervision of NYDFS and upholding the highest regulatory standards. Stay tuned… — Ripple (@Ripple) December 4, 2024
The announcement coincided with a noticeable decline in Ripple’s native token’s xrp4.29%XRP market price. XRP’s price dropped from $2.59 to $2.31 within 24 hours, as per CoinMarketCap. This sharp tail-off has pushed XRP away from the position of the third largest cryptocurrency by market capitalization, falling short of Tether’s (USDT) market cap of $135.8 billion.
💥HBAR: A Quick Profit Opportunity or Long-Term Gem?
If you’re considering trading or investing in HBAR (Hedera Hashgraph), here’s a concise analysis and recommendation tailored for both short-term traders and long-term investors:
🚀Short-Term Outlook (4H Chart)
Current Price: $0.33305 (+0.93% in 24h) Resistance Levels: $0.350 – Strong resistance zone where sell pressure might increase. Support Levels: $0.320 – Key level to watch for potential rebounds. Momentum: The price is consolidating after recent gains, with moving averages indicating mild upward pressure.
Trading Strategy for Small Users
Scalping Opportunity:
Buy Zone: $0.330 or lower during dips. Sell Limit: Around $0.350 to secure quick profits.
Risk Management:
Stop-Loss: $0.320 to limit downside risk. Use low leverage (e.g., 2x) for increased returns but cautious exposure.
🚀Medium-Term Outlook (1W Chart)
Trend: The weekly chart shows consistent upward momentum, supported by strong volume. Potential Price Target: If $0.350 is broken, HBAR could rally toward $0.380–$0.400 in the coming weeks.
Factors to Watch
Ecosystem Updates: News about partnerships or ecosystem growth could drive demand. Bitcoin’s Influence: As a leading altcoin, HBAR’s price movement often mirrors Bitcoin’s broader market trends.
Key Recommendations
For Traders:
Focus on short-term scalping with well-defined entry ($0.330) and exit ($0.350) points. Adjust positions based on market conditions and volume surges.
For Investors:
Use Dollar-Cost Averaging (DCA) to accumulate HBAR during pullbacks. Monitor ecosystem developments for long-term growth potential.
Final Thoughts
HBAR offers both quick profit opportunities for active traders and promising long-term potential for investors. With proper risk management, small users can capitalize on HBAR’s price swings while positioning for future gains. Stay disciplined, monitor key levels, and watch for market updates to maximize returns.
Trend: Strong bullish momentum, with buyers dominating. Resistance: $2.616 – A breakout here signals further gains. Support: $2.3937 – Watch this level for downside protection. Volume: High trading volume confirms the trend's strength.
Recommendation
Traders: Enter long if $2.616 breaks, with a stop-loss at $2.39. Watch for pullbacks to $2.40-$2.45 as re-entry zones. Investors: Use Dollar-Cost Averaging to minimize risk. Monitor news for potential price drivers.