Bloomberg Intelligence reports that MicroStrategy will be announced as a new member of the Nasdaq 100 this Friday.
The Nasdaq-100 is a stock market index that includes the stocks of the 100 largest non-financial companies listed on the Nasdaq exchange. Being added to this list will bring in investment cash through ETF funds.
"We anticipate that there will be at least $2.1 billion in net stock purchases by ETF funds" - Bloomberg @ JSeyff
Microsoft's shareholders voted to reject the proposal to add Bitcoin to the company's reserves.
This is a good effort, and although the result was not as desired, it is noteworthy that Microsoft, the third largest company in the world by market capitalization, can no longer ignore Bitcoin.
Bitboy Gives XRP Prediction for January, Says Its About to Surge
Veteran crypto community figure, Bitboy Crypto, has forecasted a bullish outcome for XRP in a recent post on X. His prediction stems from a growing confidence across the XRP community even though its price has seen a sharp decline in the last seven days.
Bitboy Predicts New All-Time High for XRP
In his post, Bitboy suggested that XRP is ripe for a staggering increase, hinting that it could surge past its previous all-time high of $3.4 and jump to $4.5.
Also, he gave a timeline for this outcome, saying that it could happen between the end of this year and January 2025. The post which was viewed by over 200k people on X, sent excitement across the community with many expressing optimism and intentions to hold the coin for the long term.
It looks like $XRP is about to rip. It will hit $4.50 if not by end of year, in January.
— The BitBoy (@BenArmstrongsX) December 9, 2024
Recall that XRP only crossed the $2 mark for the first time in six years, after battling with a multi-year consolidation period. The surge, initially catalyzed by Donald Trump’s victory in the November 5 presidential elections, went even further after SEC chair Gary Gensler announced his resignation date.
XRP climbed as high as $2.9, triggering a wave of bullish predictions from several crypto experts. Most predictions align with Bitboy’s forecast, falling within the range of $4 and $5.
Factors Behind Optimistic Outlook
The optimistic view for XRP is attributed to several key developments set to happen by 2025. Particularly, the potential launch of the RLUSD stablecoin is a major factor, as it will indirectly increase the use case of XRP in facilitating cross-border payments.
Another notable factor is the anticipated change of leadership in the SEC, which many have speculated could lead to a dismissal of the long-running Ripple vs SEC court battle.
President Trump appointed former SEC commissioner, Paul Atkins, to take over once Gensler steps down. The move has been embraced by the crypto industry, as key figures endorsed Atkins as the right man for the job.
XRP Price Movements
Meanwhile, XRP has been rocked with a wave of sharp decline. Interestingly, the nosedive started after Atkins’s appointment was announced. The outcome sent mixed signals across the community as members expressed concerns about the timing.
XRP is now down about 35.6% from its all-time high after plummeting by 7.2% in the last 24 hours to trade at $2.22
Source: CoinMarketCap
However, the coin is still up about 280% in the last 30 days. Notably, XRP’s one-day trading volume rocketed by 95% to reach $21.9 billion, signaling increasing activities surrounding the project.
If Bitboy’s prediction comes through, then XRP would solidify its position as a top player in the market, as it would once again move to become the third most-valued cryptocurrency in the world.
The post Bitboy Gives XRP Prediction for January, Says its About to Surge appeared first on Coinfomania.
Founded in 2017 and launched through an IEO on Binance in March 2019, Fetch.AI is an artificial intelligence (AI) lab building a decentralized, open, permissionless machine learning network with a cryptocurrency economy. Fetch.ai democratizes access to AI technology with a permissionless network where anyone can connect and access secure datasets using automated AI to perform tasks leveraging its global data network.
Optimism (#OP) is a layer 2 blockchain built on the Ethereum platform. Optimism leverages the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollup technology. This means that transactions are reliably recorded on Optimism but are ultimately secured on Ethereum.
Optimism is one of the largest scaling solutions for Ethereum with over $500 million TVL. It hosts 97 protocols, the largest of which are Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a decentralized exchange (DEX), and Velodrome (VELO), an AMM. Users can start their journey on Optimism by adding the chain to Metamask and bridging tokens like ETH to L2.
------------------ From a technical analysis perspective
The nearest entry point for accumulation could start at: 2.29 - 2.359 The strongest support currently is at: 2.121
The short-term price target will be 2.93 The medium-term price target is 4.57
ETH this season is being rated quite low because the current price is higher than other blockchains.
However, if you look at TVL on defilaa, ETH surpasses 10 other blockchains combined.
This proves one thing: ETH is still king and its members are all OGs and truly very wealthy.
Current L2s are just parasites on ETH, and I don't rate them too highly. Meanwhile, current L1s have lower fees and are superior. User behavior on ETH is also more loyal when holding coins. The tech segment in ETH is far superior with DeFi products; however, the Meme segment is quite limited, or in other words, has much more potential.
Last season we had $SHIB, and this season we have $NEIRO CTO and $PEPE.
I still believe ETH will continue to be bullish and am looking for the next PÊP in the near future.
As a holder of 60% ETH, I am most excited about $ETH 5000$ this season.
Only $10 million USD left for Vitalik to become a billionaire $ETH #Ethereum. This only counts Ethereum, but in reality, Vitalik has been a USD billionaire for many years if we count other tokens.
In 2021, Vitalik donated $1 billion USD in Shib tokens to combat COVID and burned $6 billion USD in Shib (~45% of the total supply).
$DEGEN you will soon see a MarketCap of 1B Currently, there are 2 projects I am following: 1. $velo(base) 2. Degen entry has been given, now has not pumped
And the base system will not release tokens for projects in the system, so it will surely release tokens. If you are trading in this system, I have 2 key points you should follow: 1. #Velo (base) this AMM project is likely to be listed on Binance in the near future, like Cetus. 2. $DEGEN is a meme project in faceters, DEGEN is building a layer 3 blockchain on Base aiming for a future listing on Binance and ...(you understand it yourself) Currently, I have doubled my Velo, so I won't share Velo.
#soitumlum #03 #dYdX (aka Đỹ) dYdX is an unlicensed perpetual futures exchange. dYdX offers two main products: dYdX Chain (dYdX V4) and dYdX V3. $dYdX Chain (dYdX V4) dYdX Chain is a Layer-1 network based on a Delegated Proof-of-Stake (DPoS) mechanism, where a perpetual futures exchange is built. dYdX Chain is developed using Cosmos SDK and secured by the CometBFT consensus mechanism (a fork of Tendermint Core).
Should we boycott $XION? An L1 project raising $36 million from major funds.
Should we boycott $XION? An L1 project raising $36 million from major funds.
#XION
There are too many inconsistencies surrounding the token launch event and airdrop for the XION community. Should we consider boycotting the project?
🔷 At 5 PM on December 5, the project officially launched the $XION token and airdropped 10 million $XION (total supply of 200 million) to the community.
➡️ However, after observation, I see that there are many aspects where XION has not performed well according to its position as a $36 million fundraising project.
The market is too green. Has everyone returned to the shore yet? #Trading
💥Mr. Bit has been sideaway for 2 weeks and every coin has tripled or quintupled. How is everyone's account doing? Share right below!
Currently in a situation holding coins and not daring to sell, holding $ and not daring to buy, so you can refer to the team's view
🔴Based on technical analysis regarding Wyckoff and the timing of Gan
On December 5-7 there will be upward force. Immediately after, on December 8-11 there will be downward force.
When applying Wyckoff to BTC, we have the following view:
➡️The red area is the zone to watch for the Long area if the price forms a signal according to Wyckoff.
🔴The view of the $BTC technical analysis team is hoping that next week the price will return to the old peak near 100k, which has been reached today.
➡️However, when the price returns, there will be 2 scenarios:
Scenario 1: The price will break through the peak and continue to rise. Scenario 2: The price will only fake through that peak (a few thousand in price) and then return to the area http://9x.xxx
🔴Since we cannot confirm and lean entirely towards one scenario, the above are 2 scenarios that could happen. And we need to wait for additional signals at that time (Real time) for further analysis. Then we can make the next actions.
Disclaimer: All information in this article is for reference only and should not be considered as investment advice. Trading has a ratio of right and wrong, so please don't go all in.
🔷Finally, you can stake W directly on the Solana network and receive rewards instead of only staking on EVM networks as before.
🔷A total of 50 million $W tokens will be airdropped to those who participate in staking on EVM chains from June 6, 2024.
🔷More than 858 million $W tokens will be distributed to the community in the future, including the ongoing staking program.
🔷You can choose to withdraw $W from exchanges like Binance to your personal wallet and participate in staking here.
https://w.wormhole.com
🔷Currently, rewards for season 1 cannot be claimed yet, please wait for further information.
🔷In addition to earning from staking, holding tokens and participating in project governance will give you more opportunities to earn money from that ecosystem.
👉For example, OP airdrops for participants in OP governance, Ronin airdrops for those who participate in staking RON (Pixels token).