Coin overview
ATH
Ended--
Last price (USDT)
301.74K
24h total (USDT)
1.14M
Total vol (USDT)
2024-06-05 08:00:00 ~ 2024-06-12 09:30:00
Trading time (UTC+0)
2024-06-13 04:00:00
Delivery time (UTC+0)
Total supply42.00B
Resources
Introduction
Aethir is the only Enterprise-grade AI-focused GPU-as-a-service provider in the market. It’s a decentralized cloud computing infrastructure that allows GPU providers (containers) to meet Enterprise clients who need powerful H100’s chips for professional AI/ML tasks. Aethir also support cloud gaming clients with their virtual computing phones and GPU's with contracts with the world’s largest telecommunication company. Everything within Aethir ecosystem will be decentralized and community-owned.
From Skeptic to Advocate: How BlackRock and Larry Fink Are Leading the Crypto Revolution
BlackRock, the world’s largest asset manager, continues to dominate crypto headlines with its Bitcoin ETF developments , advocacy for tokenized assets, and CEO Larry Fink’s remarkable evolution from Bitcoin skeptic to advocate. From acquiring Bitcoin to calling for SEC approval of tokenized stocks and bonds, BlackRock is redefining the financial landscape which might end with a crypto revolution. Here are the BlackRock news and Larry Fink's latest announcements. Larry Fink’s Journey: From Bitcoin Skeptic to Advocate Larry Fink’s stance on Bitcoin has transformed dramatically over the years. In 2017, he referred to Bitcoin as an “index of money laundering,” expressing deep skepticism about the cryptocurrency’s legitimacy. However, by 2024, Fink publicly acknowledged that he had been “wrong” about Bitcoin. He now describes it as “digital gold” and a “legitimate financial instrument” that offers long-term value and stability. BlackRock Bitcoin ETF: A Milestone in Institutional Adoption BlackRock’s recent acquisition of 11,000 Bitcoin for its iShares Bitcoin ETF signifies a pivotal moment for institutional cryptocurrency adoption. This move aligns with Fink’s newfound confidence in Bitcoin as a transformative asset class. The ETF’s success, with over $1 billion in trading volume, highlights growing investor interest in regulated crypto investment options. Nasdaq’s In-Kind Redemption Proposal: Enhancing Efficiency A recent Nasdaq proposal to the SEC aims to implement an “in-kind” creation and redemption process for BlackRock’s iShares Bitcoin ETF (IBIT) . This mechanism would allow authorized participants to transact directly in Bitcoin rather than converting holdings to cash, reducing intermediaries and increasing operational efficiency. Notably, this process is exclusive to institutional participants, which further enhances the ETF’s appeal to large-scale investors. With BlackRock’s IBIT seeing inflows of $2 billion over six consecutive days, this upgrade is set to boost its operational and financial efficiency, making it an even more attractive option for institutional adoption. By FarSide - BTC ETF Flow 2025-01-25 Bitcoin All-Time High and Future Potential Following the buzz around BlackRock Bitcoin ETF and Fink’s endorsement of Bitcoin as “digital gold” was what fueled optimism about Bitcoin reaching new all-time highs (ATH). Analysts point to increasing institutional adoption and rising trading volumes as key drivers for Bitcoin’s future growth. Recently, Fink suggested that Bitcoin’s price could soar to “$700,000” if institutional investors allocate even 2% to 5% of their portfolios to the cryptocurrency. This bold Bitcoin price prediction further underscores his shift from critic to one of Bitcoin’s most influential advocates, reflecting a broader trend among financial leaders becoming more receptive to digital assets. Advocacy for Tokenized Bonds and Stocks Fink’s push for the SEC to approve tokenized financial instruments like bonds and stocks showcases his belief in blockchain technology’s potential to modernize traditional finance. Tokenization involves representing these assets as digital tokens on a blockchain, which can improve transparency, reduce costs, and streamline settlement processes. BlackRock Pioneers the Crypto Revolution BlackRock’s transformative initiatives, from its Bitcoin ETF to Larry Fink’s advocacy for tokenized assets, are reshaping both crypto and traditional financial markets. Fink’s journey from skepticism to confidence in Bitcoin reflects a broader shift among financial leaders toward embracing digital assets. With record-breaking trading volumes, bold price predictions, and a push for blockchain-based tokenization, BlackRock is leading a crypto revolution that could redefine the future of finance.
TRUMP Token Faces Uncertainty Amid Declining Interest but May Seek Recovery If $34 Resistance is Surmounted
The TRUMP token is facing significant challenges, experiencing a steep decline after reaching an all-time high (ATH) of $79, now trading at $29 due to dwindling trader interest. Recent reports indicate that the Open Interest (OI) for TRUMP has plunged, highlighting a shift in market sentiment and the necessity for traders to reconsider their stances. As noted in COINOTAG analysis, “The upcoming resistance level at $34 is pivotal for TRUMP; failure to surpass this might hinder any potential recovery.” The TRUMP token is grappling with declining trader interest after peaking at $79, trading at $29, with Open Interest down significantly, casting doubt on future recovery. Market Sentiment Turns Bearish for TRUMP Token The TRUMP token’s recent journey reflects a broader trend in the cryptocurrency market, where post-ATH corrections have become commonplace. Initially cherished for its novelty and association with former President Donald Trump, the token has seen a noticeable lull in enthusiasm, evidenced by its current trading price of just $29. In the last five days alone, TRUMP’s Open Interest (OI) has decreased by a striking $200 million, falling from $1.14 billion to $962 million. Such a drop indicates a substantial retreat from speculative positions, as fewer traders engage in future contracts tied to TRUMP’s fluctuating value. TRUMP Open Interest. Source: Coinglass Despite this bleak outlook, technical indicators like the Moving Average Convergence Divergence (MACD) suggest a potential shift. The recent bullish crossover could indicate a possible turnaround in sentiment if the broader cryptocurrency market also aligns positively. However, this potential bump is clouded by inconsistent trading volumes and the altcoin’s fading appeal. For significant recovery to occur, TRUMP must not only show technical signs of strength but also rely on renewed interest from a once-enthusiastic base of retail and institutional investors. TRUMP MACD. Source: TradingView The Path Ahead: Resistance Levels and Recovery Prospects As it stands, TRUMP is precariously positioned just above support at $26, currently trading around $29. The key challenge ahead lies in overcoming the $34 resistance level, which, if broken, could signal a shift towards recovery. However, achieving the token’s former ATH of $79 would necessitate a remarkable recovery, amounting to a 166% rally—an ambitious target given current market dynamics. Factors contributing to this skepticism include the fading enthusiasm which seems tied more to speculative trading rather than any intrinsic utility of the token itself. TRUMP Price Analysis. Source: TradingView Optimistically speaking, should TRUMP manage to establish a new support level at $34, it could pave the way to target $45. This climb would not only restore trader confidence but also potentially catalyze a broader recovery. However, this scenario remains contingent upon sustained market support and revitalized interest from both retail enthusiasts and larger institutional players. Conclusion In summary, the TRUMP token’s current trajectory presents a complex landscape for traders. While there are some indicators of potential recovery, significant hurdles remain. A breakthrough of the $34 resistance could be a turning point, but without robust market participation, the likelihood of returning to its ATH appears challenging. Traders must proceed with caution, evaluating both market conditions and technical signals before making their next moves. In Case You Missed It: Litecoin ETF Filings Raise Possibilities for Price Recovery Amid Consolidation Challenges
Aethirs ambition: to become the AWS of Web3 in the AI Agent era
Original | Odaily Planet Daily ( @OdailyChina ) Author: Wenser ( @wenser 2010 ) As AI penetration rate gradually increases, the intersection of the crypto industry and AI has also welcomed more and more projects. Previously, AI Agents led the crypto market with a growth rate of 24.31%. The flourishing of various AI projects, AI Agents, and AI Meme coins have also made the demand for GPU computing power and cloud computing resources increasingly scarce. As the industrys leading enterprise-level decentralized cloud computing platform, Aethir took the lead and showed strong development momentum. The $100 million ecological fund also highlights its determination to focus on the AI track and build the AWS (Amazon Cloud) in the Web3 field. Odaily Planet Daily will use 6 questions in this article to take a look at Aethirs AI industry landscape. (Note: The questions were asked by Odaily Planet Daily reporter Wenser, and the answerer was Aethir co-founder Mark) Q1: As an enterprise-level decentralized cloud computing platform, Aethir has previously launched an ecological fund of up to US$100 million. The first batch of funded projects focused on the AI track. How is the current progress of these projects? What are the funding criteria? A: Last October, Aethir officially announced an ecosystem fund of up to $100 million consisting of multiple funding programs. As an enterprise-level decentralized GPU cloud computing infrastructure platform focusing on AI and Gaming, Aethir has been committed to accelerating the widespread application of cloud computing platforms since TGE, empowering startups in the fields of AI and gaming, etc. The core funding program Aethir Catalyst has a scale of up to $20 million and will distribute 336 million ATH tokens in 2025, providing financial and ecological computing support to more than 100 projects in the form of funding or subsidies, and providing them with key computing resources such as GPUs required for project development. In November, within 24 hours of the announcement of AethirCloud’s $100 million ecological fund seeking AI agent projects, more than 300 projects applied . Recently, our Batch 5 (fifth batch of projects) has also come out, and you can also learn about it. Among them, many AI-related applications in the previous batch have also been recognized by the market, and TopHat also launched Binance Alpha on January 7. As for the criteria for screening projects, we also want to do our best to promote the implementation and application of the entire AI-related application in the industry. The other two $10 million ecosystem funding programs are also key components of the Aethir Ecosystem Fund, and will work with XAI and XPLA to promote innovation. At the Bitcoin MENA conference, we also joined hands with ADBC (Abu Dhabi Blockchain Center) to plan to empower more Web3 projects, and the application page is now officially launched; in addition, we participated in sponsoring the Solana AI hackathon AI Agents x MEMEs track. In addition, for companies that need GPU computing resources, Aethir provides a subsidy plan with a discount of up to 35% on off-platform service costs, which makes it convenient for startups or senior developers to access computing resources with the help of the Aethir platform and promote the development of innovative projects. Aethir will act quickly in the future to accelerate the embrace of AI Agent and AI Meme, and help complete the expansion and implementation of AI-related applications. Currently, the funding for a single project ranges from $50 million to $500,000 in ATH tokens ; it is divided into tracks such as games, launch platforms, AI integrated enterprises, and cloud gaming platforms. Qualified companies can receive both funding and subsidies, which is quite friendly to many projects. (Note: Contracts lasting 6 months or more are eligible for subsidies. Shorter contracts may be eligible for grants, but not subsidies, unless approved by the transaction department. The $100 million ecological fund plan will be divided into steps and cooperation sections.) Q2: Compared with traditional cloud service providers, cloud computing platforms, and other similar Web3 projects, what are Aethirs advantages, characteristics, or competitive differences? Is its ecological niche in the upper or middle reaches of the industry or somewhere else? A: Compared with other DePIN projects, the advantages are: From the perspective of project business, compared with other DePIN projects, Aethirs advantage mainly lies in the fact that Aethir had already built and served enterprise-level customers with high demand for computing power before entering Web3, which has generated stable and continuously growing positive income for Aethir. Enterprise-level services need to comply with the SLA agreement (service level agreement) in the physical industry. It is no exaggeration to say that Aethir is currently the only Depin project in Web3 that can provide stable services to enterprise-level customers. At the same time, we are also the only company that can realize cloud games and cloud phones through web3s virtual machine technology. The four business segments are in a state of rapid development. In 2024, our annual recurring revenue has reached US$90.68 million, which is also shown in our GPU Dashboard (including US$7.6 million in revenue in December and over 266 million computing hours). The existing mature large-scale customers and steadily growing market demand are the biggest differences between Aethir and other DePIN projects. On the business level, Aethir is very different from other Depin projects. Io.net mainly aggregates underutilized distributed GPU resources through a high-level coordination layer to solve some simple AI or machine learning tasks. Render provides 3D rendering services for consumer-level computing connections; or Grass uses idle network resources to mine points and earn tokens. For us, we focus on the software layer for enterprise-level service use cases including games and AI, so in the areas we focus on, Aethirs competitive advantage is very obvious. From the perspective of ecological scalability, Aethirs ecological niche has laid a strong foundation for the scalability of its ecology. It has carried out cross-border and cross-field cooperation with many projects, and established deep ecological connections with partners in the fields of Web3, AI, games, DeFi or Web2. At the same time, it has enriched the use of $ATH tokens. Aethirs ecology conforms to the development of the industry. Aethir plays a big role in the supply and demand market, because Aethir can help users use computing power at low cost through an optimized computing power network, while ignoring the physical space and the computing power cost of the actual market. In laymans terms, Aethir can help users obtain high-quality computing power resources at low cost. On the one hand, it can reduce the cost of user development or training; on the other hand, its flexible computing power allocation and market demand can meet the needs of users with various needs. Aethir has been expanding its ecological partners. I think there is a lot to expand on the computing power layer. To make a long story short, the expansion and breakthrough of decentralized AI in the future is unstoppable. As a computing power supplier, the breakthrough of more and more AI applications will be the best proof of our strength. Q3: After Aethir went online, we saw a lot of cooperation with other projects and optimization of the business side. Does it have a certain scale effect? A: There is no doubt that our team has been actively expanding the Aethir ecosystem before and after TGE. I have also mentioned this in some of my previous speeches at events. In the new era, the demand for GPUs has skyrocketed. As the complexity of AI large language models has soared, problems such as insufficient purchasing power, slow product updates, and low efficiency have gradually become prominent. Decentralized, enterprise-level GPU cloud infrastructure that can adapt to the needs of the AI and gaming industries is an effective solution to the problem, and Aethirs products and services are one of the best choices to meet this demand. Taking the gaming direction as an example, Aethirs cloud gaming service can make capacity expansion cheaper, cloud the hardware layer, and allow mass players to play all games on various devices. In addition, the sales volume of the DePIN hardware device Aethir Edge we released at that time had exceeded 25,000. Users can use the device to run the Aethir network to earn tokens, or mine other projects, which has a huge ecological expansion scale effect. Aethirs core competitiveness lies in its decentralized computing infrastructure and edge computing capabilities, and it can use the growth trend of decentralized CDN and GPU to expand its business scope. For example, right now, the price on our platform is about 1/10 of AWSs price. Compared to other low-frequency platforms, our price may be slightly higher because our computing resources are enterprise-grade, and most of our customers are also enterprise customers. But compared to Google Cloud and AWS, their GPU charges are still very expensive. By allowing retailers to participate and letting more computer resources serve us, we can gradually but powerfully cover more and more businesses, not only in the encryption field, but also in the AI field. This is also our expected goal. Our revenue and platform scale will become larger and larger over time. At the same time, the breakthrough effect of AI Agent has been seen by the market. At the same time, Aethir and AI16Z have also reached deep support and ecological expansion based on the ELIZA framework. I believe that the application narrative of AI Agent and the expansion of the entire industry are moving towards AI content. I believe that the industry will revolve around the breakthrough of decentralized CDN and GPU high-growth applications in the future. As the demand for large model training, reasoning, game rendering, etc. supported by GPU reaches its peak in 2024, decentralized CDN will usher in explosive growth in 2025, serving delay-sensitive scenarios such as content streaming, data crawling, and AR/VR experience. Aethir has a complete computing power network. It can provide high-performance, low-cost decentralized computing and edge computing capabilities. It will become the core infrastructure supporter of this market. At the same time, it combines energy optimization and resource integration technologies to solve the current challenges of fragmented supply and inject greater innovation power into high-growth use cases. Q4: Aethir has reached a cooperation with LayerZero to expand the full-chain ecological map. What are the follow-up plans? A: Last November, Aethir announced the cooperation news . Based on the cross-chain versatility demand generated by the expansion of GPU cloud infrastructure, it cooperated with the full-chain solution LayerZero to build a multi-chain AI and gaming ecosystem, and introduce multi-chain functions into the Aethir DePIN stack, which will also help Aethir migrate to the Sophon ZK chain. In the cooperation between the two parties, LayerZeros full-chain technology will ensure that the ATH token rewards of check nodes and Aethir Edge operators will be smoothly transitioned from the Arbitrum L2 network to Sophon, while maintaining network stability and ensuring a frictionless experience for the Aethir community. In the future, we will also use the Stargate full-chain liquidity protocol cross-bridge to facilitate users to seamlessly exchange ATH tokens across chains. LayerZero supports our development towards multi-chain in terms of node migration, token rewards, and liquidity transfer; we provide GPU computing power support for AI and gaming projects on more chains. Therefore, the participation of partners such as LayerZero and Sophon will enable us to build a cross-chain asset ecosystem with Aethir, further raising the ceiling of industry imagination. Subsequently, Aethir is also actively working with other partners to establish in-depth cooperation. For example, we recently cooperated with Eigen Layer, the leader in the ReStaking track, to use the AVS model to help listed or enterprise-level companies with zero Web3 background to buy coins on their balance sheets, stake them, or hold these tokens for a long time. Through our mechanism, we can provide them with a very compliant and secure way to provide computing power on our platform; GAIB is the first GPU tokenization. It transforms enterprise-level GPUs into tradable, yield-generating assets; it cooperates with MetaStreet on the first node liquidity Yield; it cooperates with SuiDePIN, the first DePIN on Sui, and also co-founded the AI computing project Tactical Compute (TACOM) with partners Beam Foundation (through its wholly-owned subsidiary Beam Investments), Sophon Foundation and Permian Labs, intending to raise $40 million. It plans to use decentralized technology to combine traditional computing economics with tokenization and distributed solutions to meet the surging global demand for scalable computing infrastructure. The previous cooperation with ADBC is a preemptive layout in the Middle East. In addition to the collaborations mentioned above, the development of the entire chain ecosystem is also within our plan. Therefore, the previous cooperation with LayerZero is also to ensure that Aethir can undoubtedly expand its full-chain partners. The cooperation with Eigen Layer is to ensure that the platform has high-quality GPU suppliers while also being able to continue to expand the utilization rate of ATH tokens. Q 5: From the perspective of the industry track, what do you think of the DeAI project and AI Agent coin issuance projects? Do you think this is an industry trend? A: There is no doubt that as the industry-leading decentralized computing power network, Aethir has a natural space for cooperation and complementarity with the DeAI project and AI Agent. DeFAI, GamFAI, DeSci, etc. are all the results and directions of the development of AI in various fields. We can provide the latter with more stable and sufficient computing resources to facilitate project operations and long-term development; the latter can provide us with stable revenue while enriching ecological development and improving network utilization efficiency. After a16z, DWF and other capital institutions joined DeAI, AI Agent coin issuance and other projects, the AI track has become a recognized hot sector in the industry. As a representative figure in the Crypto x AI Agent track, ai16z founder Shaw also issued a statement announcing the cooperation with us. He mentioned : The decentralized computing network @AethirCloud is providing free GPU computing power to Eliza agent developers. Developers with relevant needs can apply for it. This shows the technical recognition and support for Aethirs computing power supply. This is also the original intention of our launch of a $100 million ecological fund. This AI wave represented by AI Agent, as the industrys leading decentralized computing network, Aethir must participate in it. Q 6: Currently, AI is expanding its application areas very rapidly, especially in the areas of AI healthcare, AI education, and AI entertainment, where a large number of demands and start-ups have emerged. Does Aethir have any relevant support plans or cooperation intentions in the future? A: As early as August this year, we released a roadmap for the next six months, and we have been steadily advancing these plans. Through these business advancements and business growth, we hope to achieve more efficient business integration and enhanced AI capabilities, and introduce governance mechanisms and ecological funds. In our roadmap, we also provide a detailed introduction to the functions designed for enterprises to enter the Aethir platform, which facilitates the conversion of enterprise revenue into ATH. Subsequent enterprise service expansion, including cloud games, cloud phones, AI training, and edge computing, we also plan to introduce special features to enhance the user experience. In 2025, Aethirs key narrative will revolve around the breakthrough of decentralized CDN and GPU high-growth applications. As the demand for large model training, reasoning, game rendering, etc. supported by GPU reaches its peak in 2024, decentralized CDN will usher in explosive growth in 2025, serving latency-sensitive scenarios such as content streaming, data crawling, and AR/VR experience. Aethir can become the core infrastructure supporter of this market by providing high-performance, low-cost decentralized computing and edge computing capabilities, while combining energy optimization and resource integration technologies to solve the current challenges of fragmented supply and inject greater innovation momentum into high-growth use cases. At the same time, AI Agents with concepts including DeFAI and DeSci have also appeared in the market and are favored by the market, but I think AI Agents are still in a chaotic period. Let us move towards the direction of the emergence of real AI Agents and their wide recognition and use by users. In addition to this, we will also cooperate on some developer-focused projects in the future, especially to support young developers, especially in the field of AI. We want to support these different developers, use the computing power on our platform, and obtain free computing power through our infrastructure. We actually have a lot of Web3 projects that we like, and their development in the first 3 months has been strongly supported by us. Generally speaking, our sponsorship cycle is as long as 3 to 6 months, in order to support their early start-up and help their Agents to really play a role and do valuable things. This is also an important strategic direction for Aethir to achieve market expansion and enhance ecological influence in 2025. References: Aethir Official Documentation XT Aethir AMA
TRUMP’s Road to New All-Time High: Why a 166% Rally May Be Unlikely
From beincrypto by Aaryamann Shrivastava The TRUMP token, which recently hit an all-time high (ATH) of $79, is now battling a sharp downtrend. Currently trading at $29, the cryptocurrency has struggled to maintain its momentum, with its value eroding in the weeks following its peak. The sustained losses are prompting many early enthusiasts and traders to reconsider their positions, with market sentiment around the altcoin growing increasingly pessimistic. TRUMP Traders Are Uncertain In the last five days, the Open Interest (OI) for TRUMP has dropped significantly, declining by $200 million — from $1.14 billion to $962 million. This sharp contraction in OI indicates that traders are losing confidence in the altcoin. Such a reduction signals waning participation in the futures market, as fewer traders are willing to speculate on TRUMP’s price movements . The altcoin’s diminishing relevance appears tied to its origins and association with Donald Trump. While initially buoyed by the former president’s notoriety, the token’s appeal has since plateaued as broader crypto trends have overshadowed its novelty. TRUMP Open Interest. Source: Coinglass Despite the decline in sentiment, some technical indicators suggest that TRUMP may have room to recover. Notably, the Moving Average Convergence Divergence (MACD) recently displayed a bullish crossover. This development hints at positive momentum in the broader cryptocurrency market, which could provide the tailwinds TRUMP needs to regain footing. However, bullish signals from the MACD alone may not be sufficient. The token’s broader macro momentum remains uncertain, with inconsistent trading volumes and fluctuating market demand. Sustained growth would require strong market cues and renewed trader confidence to counteract its current trajectory. TRUMP MACD. Source: TradingView TRUMP Price Prediction: Finding a Breach At the time of writing, TRUMP is holding just above its $26 support, trading at $29. The immediate challenge lies in flipping the $34 resistance level into support. Successfully breaching this level could provide a foundation for further gains, sparking cautious optimism among traders. However, skepticism persists. For TRUMP to return to its ATH of $79, it would need a staggering 166% rally — an unlikely feat given the diminishing trader optimism and fading interest. The altcoin’s reliance on speculative enthusiasm rather than utility further complicates its recovery prospects. TRUMP Price Analysis. Source: TradingView On a more optimistic note, if TRUMP manages to break through $34 and establish it as a support floor, it could climb to $45. Breaching this critical level may instill renewed bullish sentiment, paving the way for a broader recovery. This scenario, while plausible, would still require consistent market support and renewed interest from both retail and institutional investors.
Bitget Token (BGB) Approaches Key Resistance Level: Are More Gains On Horizon?
Date: Fri, Jan 24, 2025, 03:14 PM GMT The cryptocurrency market has experienced strong bullish momentum in the past 24 hours, with Bitcoin (BTC) surging 2.41%, now trading above $105K. This surge comes on the heels of a groundbreaking development: President Donald Trump signed an executive order to create a national digital asset stockpile. This has also sparked a spike in altcoins , including the centralized exchange (CEX) token Bitget Token (BGB), which is gaining momentum. The current technical setup indicates it could add more gains to its stellar rise, having already surged by over 356% in just the last 60 days. Source: Coinmarketcap Approaches Key Resistance Level On the 4H chart, BGB has shown a recurring pattern: each time it broke out of a descending trendline in conjunction with the 30-day Moving Average (30D MA), the token experienced a significant pump. Currently, BGB is trading at $7.43, holding firmly above the 30D MA, and is now approaching a key resistance level marked by the blue shaded area, with the upper boundary at $7.485. Bitget Token (BGB) 4H Chart/ Coinsprobe (Source: Tradingview) If BGB manages to break out above this resistance zone, it could target its next levels at $7.85 and $8.50. Notably, $8.50 also marks its all-time high (ATH). This would represent a 13% increase from the current resistance zone. Should BGB successfully surpass its current ATH of $8.50, the breakout could ignite a rally toward a new psychological high near $11, signaling an exciting new phase of growth for the token. From a technical perspective, the MACD (Moving Average Convergence Divergence) indicator is beginning to show signs of bullish momentum. The MACD line is crossing above the signal line, with the histogram transitioning into positive territory. This suggests strengthening momentum, supporting the possibility of an impending breakout. Final Thoughts Bitget Token (BGB) is approaching a critical resistance level at $7.485, with its technical indicators aligning for a potential breakout. If successful, the token could retest its ATH at $8.50 and even aim for new highs at $11, offering significant upside potential. Advertisement Your browser does not support the video tag. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
Solana stablecoin supply hits $10B ATH, TVL up 800% — Can SOL price reach $1K?
Solana ( SOL ) had a blistering seven days, buoyed by the TRUMP memecoin launch, US President Donald Trump’s inauguration, and ETF hype to reach a new all-time high of around $294, leading to a record stablecoin supply, and surge in total value locked. Solana stablecoin supply hits all-time highs Solana’s stablecoin supply has skyrocketed over the last seven days, surging past $10B for the first time ever, hitting a new all-time high. One major factor is likely Trump family memecoins . The Official Trump ( TRUMP ) and Official Melania Meme (MELANIA) have attracted billions in capital inflows, onboarding hundreds of thousands of new users to the Solana ecosystem in recent days. As a result, the daily number of new Solana addresses reached almost 9 million , the highest ever, in the run-up to President Donald Trump’s inauguration on Jan. 20. Source: Matthew Sigel The chart below shows a 77.5% uptick in Solana’s stablecoin supply over the last week, hitting a new all-time high market cap of $10.83 on Jan. 24. Related: Solana price rallies to $272, but what will it take for SOL to hit new highs? Meanwhile, Circle’s USDC ( USDC ) remains the stablecoin of choice for users within the Solana ecosystem, with a 77.23% market share. Solana stablecoin supply surpasses $10 billion, setting a new all-time high. Source: DefiLlama Stablecoins are integral to Solana’s decentralized finance (DeFi) ecosystem, driving liquidity and increasing $SOL demand. Solana TVL jumps 800% in 12 months The memecoin buzz around the Solana ecosystem has also led to a surge in the total value locked (TVL). Solana's TVL has risen from $1.3 billion on Jan. 24, 2024, to $11.98 billion today, an increase of over 800% year-to-date. It also jumped by 24.7% over the past week alone. Total value locked on Solana. Source: DefiLlama Raydium, the leading decentralized exchange (DEX) on Solana, plays a significant role in this growth, contributing $3.89 billion to the total TVL, which has increased by 24% over the last seven days and 36% in the past month. Total value locked on Solana’s DeFi protocols. Source: DefiLlama Will SOL price go even higher? Historical trends show a correlation between stablecoin supply growth and TVL with SOL price. For example, a 93% surge in stablecoin supply in September 2021 preceded a 45.76% rise in SOL over two months from $177 on Sept. 11, 2021, to an all-time high of $258 on Nov. 6, 2021. If history repeats, SOL price could experience a similar 45% increase, reaching $362 by March 2025. “If $SOL were to replicate this price action following the nuclear growth of its onchain stablecoin supply, a similar 45% price increase could $SOL as high as $362 by the end of March 2025,” said SolanaFloor in response to recent growth in Solana’s ecosystem. Similarly, an over 2,000% increase in TVL between June 25, 2021, and Nov. 8, 2021, accompanied an 800% rally in price over the same period. This implies that if Solana’s TVL trend continues, the price should rise due to increasing demand for SOL tokens. “Solana prepares for a massive move!” popular crypto analyst CryptoElites said in a Jan. 24 post on X. The bullish analyst shared the chart below showing that SOL’s price action since November 2024 pushed the price above the 2021 descending trendline. This technical setup projects Solana’s short-term target at $450. The analysis projects that SOL could eventually be in the $678-$1,099 range. “The technical outlook is fully positive — big moves ahead!” SOL/USD weekly chart. Source: CryptoElites Similar sentiments were shared by CryptoExpert101, who believes that SOL’s price might “hit $1,000” and above in 2025. “Solana is just too easy to use for the average retail investor.” This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Ethereum Price Eyes $4,000 With Rising Channel Pattern
Crypto analyst BasicTrading has revealed a bullish pattern that has appeared for the Ethereum price, which hints at a rally to $4,000. This again provides some optimism concerning ETH, which has continued to underperform in this market cycle. Ethereum Price Eyes $4,000 With This Bullish Pattern In a TradingView post, BasicTrading revealed that a breakout to $4,000 looks to be on the horizon for the Ethereum price following the formation of a rising channel pattern. This bullish prediction came as the analyst noted that ETH had been retesting the previous all-time high resistance and was not able to break it. However, this time, it could be different following the rising channel pattern. The analyst added that with the bullish break and retest and Ethereum price action, the breakout is about to happen. With Ethereum likely to break this psychological $4,000 resistance level soon enough, the analyst suggested that this could ultimately pave the way for ETH to reach and possibly surpass its current ATH of $4,800. BasicTrading remarked that the sky is the limit for the Ethereum price if it manages to break above its current ATH. Interestingly, the crypto analyst raised the possibility of ETH rising to between $20,000 and $25,000 if it replicates its historical performance from previous bull cycles. This price range represents the upper resistance trendline of the rising channel. However, the analyst stated that the Ethereum price must first achieve a clear breakout of its current ATH before a rally to as high as $25,000 can become a possibility. This bullish projection for ETH comes just days after crypto analyst Ali Martinez explained why it wasn’t time to give up on Ethereum despite its underperformance in this market cycle. Martinez mentioned that a decisive breakout above $4,000 could send ETH to $7,000. ETH To Reach Five Digits In This Bull Run Crypto analyst CrediBULL Crypto has also backed BasicTrading’s bullish outlook as he predicted that the Ethereum price would at least reach $10,000 in this market cycle. The analyst asserted that ETH will come back with a “vengeance” in the coming months. He added that $10,000 is the bare minimum once Ethereum breaks out. CrediBULL Crypto further opined that $20,000 is certainly not unreasonable by the end of this cycle. Crypto analyst Mikybull Crypto also provided a bullish outlook for the Ethereum price, stating that ETH’s hated rally that will bring it to $12,000 is loading. He further remarked that the chart is giving market participants a glimpse and that patience is all it takes. At the time of writing, the Ethereum price is trading at around $3,400, up over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
XRP Faces Bearish Momentum; Support at $2.73 May Offer Recovery Opportunity
XRP has recently slipped to $3.15 after a failed attempt to maintain its all-time high of $3.40, indicating a bearish trend in the market. Investor activity has diminished significantly, marked by declining trading volumes which pose a risk of XRP dropping to the pivotal support level of $2.73. According to COINOTAG, a key factor to monitor is whether XRP can hold above $2.73 to trigger a potential recovery toward higher price levels. XRP struggles to regain momentum after testing its all-time high; declining investor interest poses risks while support levels will be crucial in upcoming days. XRP’s Downward Trend: Analyzing the Current Market Conditions After attempting to reach an all-time high (ATH) of $3.40, XRP has faced significant price retracement, currently trading at about $3.15. The failure to sustain this peak comes amid a growing wave of bearish momentum illustrated by various technical indicators. As the market sentiment shifts, investors have begun to withdraw, contributing to a decline in transaction volumes. This lack of participation is critical as it indicates a drop in confidence from traders, potentially leading to more price corrections in the near term. Technical Indicators Suggest Further Declines The current market environment shows alarming signs for XRP, particularly with the Daily Active Addresses (DAA) indicating declining investor interest. The ongoing bearish crossover in the MACD signals that selling pressure is currently dominating the market. Should this trend continue, XRP could face increased pressure, leading to a price drop below its support levels. Additionally, the histogram on the MACD shows a downward trajectory. If it falls below zero, it will validate the prevailing bearish momentum. This technical climate raises concerns for traders, as overall market conditions remain highly uncertain. XRP Price DAA Divergence. Source: Santiment XRP Price Prediction: A Critical Crossroad The current price action of XRP is critical. After peaking at $3.40, its retracement to $3.15 signifies the challenges the altcoin faces in establishing upward momentum. Bearish trends, enhanced by weak investor engagement, pose significant risks. If these bearish trends continue, it is plausible for XRP to retreat towards its support at $2.73, indicating a potential 13% correction. Further declines could see prices plummet to levels around $2.18, a scenario unfavorable for investors who would see substantial losses. XRP Price Analysis. Source: TradingView Conversely, if XRP can maintain its position at $2.73, there may be a potential recovery pathway. A rebound from this key level could facilitate a new challenge against the previous ATH at $3.40, possibly paving the way for new highs that would instill fresh investor confidence. Conclusion The current landscape for XRP remains precarious. With significant selling pressure and declining activity from investors, the altcoin must navigate carefully. Holding above the $2.73 support level is crucial; failure to do so could have lasting implications for investor confidence and potential price movements moving forward. In Case You Missed It: Dogecoin (DOGE) Price: Technical Indicators Signal Potential for New Highs Amid Whales and ETF Speculations
Ethereum technical analysis points to potential $5,000 target as institutional interest grows
Crypto analyst Jelle has projected Ethereum could reach $5,000 by March. The analyst cited a long-term technical pattern and reported institutional accumulation. The forecast comes as ETH maintains a 51.9% gain over the past year. Price data shows Ethereum has posted gains of 2.4% over the past week, though experiencing a 1.9% decline in the last 24 hours. The asset’s 30-day performance indicates a modest 0.4% decrease, suggesting consolidation before a potential breakout. In a recent market analysis, Jelle highlighted a bullish pennant formation that has developed over nearly four years. This technical structure, visible by converging trendlines following a strong upward movement, typically precedes major price advances when validated by increased buying activity. https://twitter.com/CryptoJelleNL/status/1882728449972068852?ref_src=twsrc%5Etfw Market observers note that wallets reportedly linked to Trump’s circle have been accumulating Ethereum, coinciding with broader discussions about government cryptocurrency stockpiling. This institutional interest adds fundamental support to the technical analysis. The cryptocurrency’s price action shows resilience in maintaining yearly gains despite recent market volatility. While short-term movements show some uncertainty with the 24-hour decline, the longer-term uptrend remains intact as seen by the substantial yearly performance. Technical analysts point to the completion of local low sweeps as another bullish indicator. This suggests the market has cleared out weaker positions before a potential upward move. However, ETH is still down by over 31% since its all-time high that was touched in November 2021. While BTC has managed to breach its ATH multiple times recently, ETH has yet to showcase such strength. Source: CoinGecko
Bitcoin’s Retail Demand Drops Despite Price Level Nearing ATHs
Bitcoin ($BTC) is reportedly inching closer to its all-time high price levels. Nonetheless, as per a CryptoQuant analyst going by “caueconomy,” the retail demand of Bitcoin has decreased by -19.34% during the recent thirty days, denoting the cautious behavior of investors. The crypto analyst discussed the present status of Bitcoin’s retail demand in an exclusive report. Retail Demand Remains Low Despite Bitcoin Nearing ATH “This signals that despite the new all-time highs, the on-chain structure is not “stretched,” which favors further uptrends.” – By @caueconomy Full post 👇https://t.co/NMrkGTgCPO pic.twitter.com/8N9Vy1zpGo — CryptoQuant.com (@cryptoquant_com) January 23, 2025 Bitcoin Records -19.34% Dip in Retail Demand Irrespective of Approaching ATH Price Levels The CryptoQuant analyst asserted that the recent 30 days have seen a massive plunge in Bitcoin’s retail demand. In this respect, a sheer -19.34% dip took place in the retail demand for the top crypto asset. This signifies that the minor investors are quite cautious irrespective of the noteworthy price spikes. The historical statistics point out that Bitcoin’s huge price volatility has often had a considerable impact on the on-chain activity. The data reveals that the institutional and retail Bitcoin investors have most of the time responded to the market dynamics. Nonetheless, the present trend bucks the respective pattern. After a peak concerning retail demand that occurred in December, a steady decline has taken place in activity. Hence, amid the price upsurge to ATH levels, this diminishing activity is surprising. On-Chain Structure Remains Far From ‘Stretched,’ Highlighting Room for Bitcoin’s Growth Irrespective of the slowdown in Bitcoin’s demand across the retail market, the market onlookers deem the present market structure as healthy. Based on the market data, the on-chain activity of Bitcoin is not “stretched” up till now. This indicates that the key crypto asset still has the opportunity to witness a bullish signal. Thus, the long-term investors can anticipate a notable advancement in the future. Contrarily, while Bitcoin market is momentarily facing a slump in retail demand, the institutional players are pushing the price upward. This highlights the steady growth in Bitcoin adoption, often counterbalancing retail market’s fluctuations. According to the CryptoQuant analyst, the declining retail activity could also underscore opportunities for those entering the market lately. While small investors display reluctance in market participation, the analysts consider that such a phase often leads to persistent uptrends. Overall, the retail sector’s engagement in Bitcoin market will play a key role in determining the growth sustainability.
Solana drops 14.5% from ATH amid record whale activity
Solana (CRYPTO:SOL) has faced a notable price correction, pulling back 14.5% from its all-time high reached on January 19, 2025. Despite this decline, the cryptocurrency has maintained a 16.7% gain over the past week, indicating some resilience in the market. Technical indicators suggest that upward momentum is weakening, with the average directional index (ADX) dropping sharply from 66.2 to 27.2. This decline in ADX indicates that while the trend remains strong, it is losing steam, which could affect future price movements. The number of whale addresses holding significant amounts of SOL has reached record levels, peaking at 5,137 before slightly declining to 5,128. This increase in whale activity suggests strong institutional confidence in Solana, even amid recent price fluctuations. Tracking whale movements is critical for understanding potential price impacts, as these large holders can influence market sentiment and trends. The current whale count has risen significantly from 5,054 just six days prior, reflecting ongoing accumulation by institutional investors. However, investors should be cautious as concentrated holdings can lead to increased volatility if whales decide to move their assets. In terms of support levels, critical price points are identified at $223, $211, and $191.85, which will be essential in determining Solana's next major price movement. The current technical setup indicates that while selling pressure is increasing, buying pressure is decreasing, potentially leading to consolidation or a trend reversal. As market participants analyse these dynamics, they will need to monitor Solana closely to assess whether it can maintain its upward trajectory or if further corrections are imminent. At the time of reporting, the Solana (SOL) price was $250.38.
Analyst Projects XRP’s All Time High (ATH) at $15 in Response to Market Developments
XRP Cryptocurrency May Appreciate to $15 Dollars CME Group Listing Boosts Spot ETF Expectations Chart formations predict strong XRP rally The outlook for the XRP cryptocurrency shows signs of imminent significant appreciation, with expectations of reaching the $15,00 mark, as indicated by industry experts. This optimism comes in the context of Donald Trump’s recent victory and inauguration, events that investors believe could significantly boost the cryptocurrency market. Recently, Ripple saw a promising development with the inclusion of XRP on the CME Group’s listing path for futures contracts. Experts consider this move as a key step towards the eventual launch of XRP spot ETFs. In 2025, XRP bulls demonstrated strength by pushing the coin’s price to around $3,40. With the market showing signs of favor, XRP is expected to surpass the $4,00 mark, setting a new All-Time High (ATH) in the coming months. Powered by TradingView Analysts like Mickybull have set price targets for XRP between $3 and $7 before potentially reaching the expected $15. The weekly chart illustrates an asymmetrical triangle, a technical pattern often associated with robust trend momentum. This bullish setup, coupled with the anticipation of the launch of XRP futures, suggests that we could be on the verge of a substantial rally to $15. $ Xrp might pull this before a new ath Interestingly, the bull flag has a target of $15, which I don't 💯 rely upon. Using fib, $3-$7 seems great for me. pic.twitter.com/q1eFmOs4Dw — Mikybull 🐂Crypto (@MikybullCrypto) January 5, 2025 Mickybull Crypto, a renowned analyst who prefers to remain anonymous, shared a chart analysis indicating that XRP is trading near the upper boundary of a bullish flag setup, with an ambitious target of $15. At the time of publication, the price of XRP today is quoted at $3,15 with no gains in the last 24 hours. Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss. Tags: Ripple
Insights from Bitcoin’s Recent Surge: Predicting its Stance in 2025
Key Points Bitcoin spot flows remained positive following Trump’s inauguration and MicroStrategy’s substantial Bitcoin purchase. Trump’s pro-crypto stance and the expected favorable crypto regulations could potentially boost Bitcoin demand in 2025. Bitcoin’s spot flows showed a positive trend, even after the inauguration of President Trump. Simultaneously, MicroStrategy, a significant player in the crypto market, made a substantial purchase of Bitcoin, valued over $100,000. Impact of Trump’s Inauguration on Crypto Market The inauguration of President Trump, a known supporter of cryptocurrencies, might be one of the most significant developments for the crypto market. The market responded positively to this event, with Bitcoin rallying to a new All-Time High (ATH) on the same day. The optimism was particularly evident among institutional buyers, with spot ETF flows exceeding $1 billion for the first time this year on January 17th. Future of Bitcoin Trump has expressed his support for crypto and blockchain technology and wants the U.S. to lead in their adoption. His belief that Bitcoin could help offset the U.S. sovereign debt has led to analysts increasingly viewing Bitcoin as a safe haven against the global debt crisis. The new administration is expected to implement favorable crypto regulations, potentially paving the way for more adoption, especially from institutions. This could lead to a surge in Bitcoin demand in 2025. MicroStrategy, a leading player in Bitcoin demand in 2024, recently announced an 11,000 BTC purchase at $101,191 per coin. This aligns with the recent institutional demand observed courtesy of spot Bitcoin ETF flows. While this doesn’t necessarily protect Bitcoin from potential downside, it reflects the prevailing sentiment due to recent developments. Tags: Bitcoin (BTC)
Is Ethereum (ETH) Set to Break Out or Face Resistance?
Ethereum price has gained over 6% in the last 24 hours The market saw $49.63 million worth of Ethereum liquidated. A brief bullish energy nurtures the crypto market, lifting Bitcoin (BTC) toward $105K and Ethereum (ETH) to $3.4K. The largest altcoin has begun a modest upside correction with a gain of over 6%. Ethereum continues combat below $4K, surpassing the $3,360 and $3,387 resistance levels. The recovery efforts of the altcoin remained weak as the price volatility persisted. It is crucial to note that ETH’s price reached an ATH of $4,891.70 three years ago and has been unable to breach this barrier since. The overall momentum of Ethereum is facing bear pressure. Over the past 24 hours, ETH formed a high of $3,417 while the low stood at $3,188. At press time, the altcoin traded at $3,406, with its daily trading volume reaching $35.64 billion. Furthermore, the market has observed a liquidation of $49.63 million worth of Ethereum during this timeframe. ETH Poised to Surge or Stall? ETH’s trading pattern unveils a brief uptick and if the altcoin establishes a potent uptrend , it might target resistance at the $3,422 level. Breaking through the $3,457 mark is crucial for Ethereum’s recovery. Sustaining above this mark would initiate a rally targeting the $3.6K range. If the immediate support level of the altcoin is found at $3,391, the downside correction could trigger a decline toward $3,370. Failing to maintain this level could stall ETH’s recovery. With weakening buying pressure, the price could delay its path to the $3,500 mark. The Moving Average Convergence Divergence (MACD) line of Ethereum is above the signal line. This crossover likely indicates bullish momentum. However, the signal line remains below the zero line, which infers the altcoin’s broader sentiment is bearish. ETH chart (Source: TradingView ) Moreover, the Chaikin Money Flow (CMF), which confirms the capital flow into the asset, is stationed at 0.16. It suggests strong buying pressure within the market. Meanwhile, the daily trading volume of ETH has surged by over 64.82%. The daily trading window of Ethereum displays the short-term 50-day moving average beneath the long-term 200-day moving average. Besides, the daily relative strength index (RSI) at 58.67 points out moderate bullish movement with room for further uptrend. Highlighted Crypto News SEC Ends the Controversial Crypto Custody Rule SAB 121
XRP’s Overvaluation Could Hinder Its Return to All-Time High
From beincrypto by Abiodun Oladokun XRP has witnessed a notable rally in the past week, climbing by 35%. The altcoin currently trades at $3.10, slightly below its all-time high of $3.41. However, on-chain data suggests the token may be overvalued at its current price point. This raises concerns about its ability to break above its all-time high (ATH) as profit-taking straightens among traders. XRP’s Overvalued Status Could Trigger More Selloffs XRP’s market value to realized value (MVRV) ratio highlights its overvalued status, standing at 409.47% at press time, according to Santiment data. The MVRV ratio evaluates whether an asset is overvalued or undervalued by comparing its market value to its realized value. A positive ratio indicates the market value exceeds the realized value, suggesting overvaluation. Conversely, a negative ratio means the market value is below the realized value, indicating the asset is undervalued compared to its original purchase price. XRP MVRV Ratio. Source: Santiment At 409.47%, XRP’s MVRV ratio shows that its market value is 409% higher than its realized value — the price at which tokens were last moved or acquired. In simpler terms, this means that, on average, investors who purchased XRP are seeing a 409% profit compared to their initial purchase price. This could prompt increased selling pressure. Notably, XRP’s negative Balance of Power (BoP) confirms that this profit-taking is already underway. At press time, this sits at -0.83. The BoP measures the relative strength of buying versus selling pressure in the market. When the BoP is negative, it indicates that selling pressure outweighs buying . It suggests that more investors are looking to liquidate their positions than to accumulate, which could lead to downward price movement. XRP Balance of Power. Source: TradingView XRP Price Prediction: Selling Momentum Threatens to Push Price Lower As selling activity gains momentum, XRP’s price will fall further from its all-time high. According to readings from its Fibonacci Retracement tool, the altcoin’s price could drop to support at $2.45. XRP Price Analysis. Source: TradingView Conversely, a shift in the market trend toward accumulation would invalidate this bearish projection. In that case, XRP’s price would rally to its all-time high and attempt to break above it.
How Retail Traders Could Be Holding Bitcoin Below $105,000
Bitcoin (BTC) recently reached an all-time high (ATH) of $109,588. However, the coin’s price has since dropped by 8%, partly attributed to a reduction in retail trading activity. With waning demand from this cohort of BTC investors, BTC could extend its price drop in the short term. Bitcoin Retail Traders Reduce Accumulation In a new report, pseudonymous CryptoQuant analyst Caueconomy notes that retail traders, who typically drive smaller yet significant market movements, have shown a steady decline in Bitcoin accumulation over the past month. According to Caucenomy, over the past few days, on-chain activity for BTC transactions up to $10,000 has dropped by 19.34%, reflecting a decline in retail trading activity. This decline has occurred even as the coin’s price touched an ATH of $109,588 on Monday. BTC Retail Investor Demand. Source: CryptoQuant This dip in retail activity is noteworthy given Bitcoin’s current high volatility. Typically, periods of high price swings like this are accompanied by an increase in on-chain activity, as retail investors look to buy dips or take profits during upward movements. However, this decline in on-chain transactions suggests that retail traders are not engaging with BTC at the levels expected during such market conditions. Moreover, despite the hype surrounding the recent ATH, BTC retail investors are not holding onto their positions for long, confirming their declining accumulation. According to IntoTheBlock, this group of investors has reduced their holding times by 15% over the past month. BTC Addresses by Time Held. Source: IntoTheBlock When retail traders reduce their holding times, it signals a loss of confidence and increased caution among smaller investors. This can lead to more frequent buy-and-sell cycles, increasing market volatility and potentially putting downward pressure on the coin’s price. BTC Price Prediction: Will $94,000 Be the Next Stop? Without the significant participation of smaller traders, the BTC market may lack the necessary support to maintain its upward momentum toward its all-time high. If these coin holders continue to sell, BTC’s price could drop to $94,523. BTC Price Analysis. Source: TradingView On the other hand, if they resume coin accumulation, BTC’s price might attempt to revisit its all-time high and climb beyond it.
Dogecoin Shows Bullish Signals Amid 590M Whale Accumulation
Whale accumulation of 590M DOGE and a Bitwise Dogecoin ETF filing signal institutional interest. Bullish patterns predict potential Dogecoin price targets exceeding $2, per analysts. DOGE remains volatile, down 51% from its ATH, with caution advised for the meme coin investors. Dogecoin (DOGE) has seen increased whale activity and potential institutional interest emerge, despite experiencing price volatility over the past 24 hours. The leading meme cryptocurrency has declined 3.2% in the last day and 5.9% over the past week, yet underlying metrics suggest growing institutional interest. On-chain data from analytics platform Santiment reveals major whale accumulation. As per the data, large holders purchased approximately 590 million DOGE within the last 24 hours. Additionally, asset management firm Bitwise has submitted a filing for a Dogecoin ETF. Whales bought another 590 million #Dogecoin $DOGE in the last 24 hours, as shown by data from @santimentfeed! pic.twitter.com/HlT3A79m2S — Ali (@ali_charts) January 22, 2025 Technical analysts have identified promising pattern in Dogecoin’s price action. Trader Tardigrade highlights the formation of a bull flag pattern on the two-day chart, suggesting a potential price target exceeding $2. Supporting this bullish outlook, analyst JAVON MARKS projects a possible 432% gain based on historical performance patterns, with price targets reaching the 1.618 Fibonacci extension level at approximately $2.28758. $DOGE (Dogecoin) is BACK SHOWING STRENGTH and by its historical performances, prices can be set for an OVER +432% GAIN from here, AT THE LEAST, to and above its 1.618 Fib Extension level which is currently at ≈$2.28758! We could still be early … https://t.co/BtYB3vaWHH pic.twitter.com/vnXgiD8jrC — JAVON MARKS (@JavonTM1) January 17, 2025 In an unusual development that briefly sparked market speculation, the website of the U.S. Department of Government Efficiency, under the leadership of Elon Musk, temporarily displayed the Dogecoin logo on Tuesday. Despite having no official connection to the cryptocurrency, this incident caused temporary price fluctuations before the logo was promptly removed. Related: Elon Musk Criticizes Funding for OpenAI and SoftBank’s $500B AI Plan Market observers note that the combination of whale accumulation and institutional development is a sign of a shift in Dogecoin’s market perception, potentially transitioning from a purely speculative asset to a more established cryptocurrency investment vehicle. The Bitwise ETF filing, in particular, is a major step toward broader institutional adoption. Rex has filed for a Doge ETF as well as a Trump ETF pic.twitter.com/OZXEMsXvJc — Eric Balchunas (@EricBalchunas) January 21, 2025 However, analysts caution that meme coins traditionally exhibit higher volatility compared to other cryptocurrency assets, and investors should approach price predictions with appropriate risk management strategies. DOGE is still down by over 51% since its all-time high of $0.7316 from May 8, 2021. The post Dogecoin Shows Bullish Signals Amid 590M Whale Accumulation appeared first on Cryptotale.
Bitcoin (BTC) Surges to New ATH Amidst Declining Sell-Side Pressure
Bitcoin (BTC) Surges to New ATH Amidst Declining Sell-Side Pressure Iris Coleman Jan 22, 2025 06:52 Bitcoin reaches a new all-time high of $109k after months of consolidation. Analysis reveals diminishing sell-side pressure and signals of potential market volatility, according to Glassnode. Bitcoin (BTC) has broken through its previous rangebound conditions, achieving a new all-time high (ATH) of $109,000, following two months of consolidation. This surge comes amidst a backdrop of declining sell-side pressure, as noted in recent analysis by Glassnode. Capital Flows and Market Equilibrium As Bitcoin surpassed the $100,000 mark, net capital inflows surged, indicating substantial profit-taking by investors. However, these inflows have since tapered off, suggesting a stabilization in the market as it adjusts to the new price level. The Realized Cap, an indicator of the total value stored in Bitcoin, has reached an ATH of $832 billion, growing at $38.6 billion per month. The Net Realized Profit/Loss metric, which tracks the magnitude of net capital flows in USD on-chain, shows a significant decline in profit-taking volumes—from a peak of $4.5 billion in December 2024 to $316.7 million, a 93% reduction. Declining Sell-Side Pressure Metrics such as Coinday Destruction and exchange inflow volumes highlight a decrease in sell-side pressure. The Binary CDD metric, which measures the expenditure of 'holding time,' indicates that many investors have already realized profits within the current price range. Long-term holders (LTH) have shown reduced activity in sending BTC to exchanges, with inflow volumes dropping from $526.9 million in December to $92.3 million. This suggests a shift from distribution to accumulation, with LTH supply showing signs of growth. Volatility Indicators Tightening Several measures of volatility are showing signs of tightening. The historically narrow 60-day price range suggests the market might be poised for another significant move. The Realized Supply Density metric indicates 20% of the Bitcoin supply is concentrated within ±15% of the current spot price, increasing potential volatility. The Sell-Side Risk Ratio, which assesses the volume of realized profit and loss relative to the Realized Cap, has declined sharply. This metric implies that most profit-taking activities have been executed, indicating a local equilibrium and foreshadowing potential volatility. Conclusion The recent surge in Bitcoin's price to a new ATH of $109,000 reflects a complex interplay of reduced sell-side pressure and tightening volatility indicators. As the market stabilizes above $100,000, investors and analysts are closely monitoring these metrics for signs of the next potential market movement. For more detailed insights, visit the original analysis by Glassnode here . Image source: Shutterstock
Avalanche eyes US growth by harnessing AI and blockchain innovations
Avalanche is positioning itself for significant growth in the US by leveraging the Trump administration’s focus on technological advancement On Jan. 21, Emin Gün Sirer , founder of Ava Labs , shared optimism about the administration’s emphasis on innovation, describing it as a timely push for transformative growth. According to him, Avalanche intends to align its initiatives with this momentum to accelerate the adoption of blockchain technology within the US. He stated : “President Trump’s renewed focus on American innovation and growth is long overdue. Now is our moment. Let’s get to work bringing real world activities on chain, and making American the heart of the world’s digital economy.” Avalanche’s planned move is unsurprising, considering the anticipated regulatory changes in the US would create new opportunities for blockchain technology . Industry insiders are optimistic about the administration’s pro-crypto stance , given its plans to establish a national Bitcoin reserve and integrate blockchain solutions into economic reforms. Additionally, observers believe Trump’s high-profile appointments of figures like Paul Atkins and David Sacks to key positions indicate his administration’s commitment to advancing blockchain and artificial intelligence (AI) technologies. Avalanche’s AI moves Avalanche’s US expansion efforts coincide with a significant partnership between the Avalanche Foundation and Aethir , a decentralized cloud platform. The collaboration, announced on Jan. 21, focuses on strengthening AI-driven projects within Avalanche’s ecosystem by leveraging Aethir’s $100 million fund and technological expertise. Through this partnership, Aethir joins Avalanche’s InfraBUIDL(AI) program, an initiative designed to integrate AI with blockchain infrastructure. The program provides up to $15 million in direct funding and retroactive grants to developers building AI solutions. Aethir’s involvement will prioritize projects that require scalable computing power and advanced resources. The partnership enhances the Avalanche ecosystem’s support for web3 innovations, particularly in AI and gaming. By aligning grant distribution with project-specific computing needs, the collaboration ensures targeted support for developers aiming to deliver impactful solutions. Avalanche Foundation CEO Aytunç Yildizli hailed the partnership as a pivotal step in advancing AI and decentralized infrastructure. He emphasized that this collaboration reflects Avalanche’s commitment to fostering technological breakthroughs by creating opportunities for innovators to thrive. Mentioned in this article Avalanche Bitcoin Aethir Ava Labs Aethir Emin Gün Sirer Donald Trump Paul Atkins David Sacks Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
Seeking Liquidity
From UkuriaOC, CryptoVizArt, Glassnode Executive Summary: Capital flows into Bitcoin remain positive, although they have declined in magnitude since first reaching $100k. This highlights a period of declining sell-side pressure as the market approaches a near-term equilibrium. Sell-side pressure from long-term investors has also declined, alongside volumes deposited to exchanges for sale. Several measures of volatility are tightening up, with the market trading within a historically narrow 60-day price range, often a sign that the market is almost ready to move again. 💡View all charts in this edition in The Week On-chain Dashboard. Capital Flows Approaching Equilibrium As the price hit the $100k level, net capital inflows into Bitcoin surged, signifying investors were locking in substantial profits. These capital inflows have since started to decline in magnitude as the market consolidates and acclimatises to the new price range. This slowdown in profit-taking represents a net reduction in sell-side forces, thus requiring less fresh capital to maintain prices within the trading range. The Realized Cap is currently trading at an ATH value of $832B, and is growing at a rate of $38.6B/month. Live Chart The Net Realized Profit/Loss metric is the first derivative of the Realized Cap, allowing us to discretely observe the magnitude of net capital flows occurring on-chain, denominated in USD. As the market digests the profit-taking distribution pressure, the balance of realized profit and loss volumes gradually trends back towards the neutral position. This suggests that a reset of supply and demand forces is taking place, and that the majority of coins transacting at the moment are not locking in a large value delta relative to the price the coins were first acquired. Profit taking volumes reached a peak of +$4.5B in December 2024, and have now declined to a value of +$316.7M (-93%). Live Chart The absolute magnitude of Realized Profit and Realized Loss (Entity-Adjusted) are another set of tools which helps us gauge the direction and sentiment of capital flowing in and out of Bitcoin. When we sum realized profit and loss together, we can see this combined metric has experienced a sharp decline from its ATH of $4B, down to a value of $1.4B. Despite this -65% decline, the current value remains elevated from a historical standpoint, highlighting the scale of day-to-day demand absorbing this capital during bull market conditions. Live Chart Supply Side Slows We have established that there is a noteworthy decline in overall sell-side pressure. We can confirm this view using metrics like Coinday Destruction, and exchange inflow volumes to further investigate these dynamics. The first tool we can employ to better profile investor distribution pressure is the Binary CDD metric. This metric tracks the expenditure of ‘holding time’ across the market, tracking when holders of old supply are transacting increasingly large volumes. We saw a sustained period of heavy coinday destruction in late 2024, and early January. Over recent weeks, this metric has started cooling off, as relatively light coinday destruction took over. This suggests that a significant number of investors who had planned to take profits have likely done so within the current price range. Generally speaking, this indicates that the market may need to go ‘somewhere else’ in order to entice and unlock the next wave of supply. Live Chart The Long-Term Holder (LTH) Binary Spending Indicator is another metric we can use to evaluate the duration of sustained sell-side pressure. This tool focuses specifically on long-term investors. Aligned with the heavy profit-taking volumes from before, we can see a significant decline in the total LTH Supply as the market reached $100k in December. The rate of LTH Supply decline has since stalled out, suggesting a softening of this distribution pressure in recent weeks. Currently, the total LTH supply is starting showing signs of growth back to the upside, suggesting that accumulation and HODLing behaviour is now larger than distribution pressure for this cohort. Live Chart Centralized exchanges remain the primary venue for speculation and trade, and process billions of dollars in flows on any given day. Exchange inflows have markedly declined from a peak of $6.1B to $2.8B (-54%), which underscores a considerable reduction in recent speculative activity. Notably, LTH inflow volumes to exchanges have declined from $526.9M in December, to a current value of just $92.3M, a -83% decline in deposit volumes. This further supports the thesis that long-term investors may have completed a large tranche of their profit-taking within this price range. Live Chart In order to further profile the supply and demand balance, we can compare the rate of various cohorts balance change, normalized by to the volume of BTC mined. This provides a relative measure compared to new issuance which was theoretically absorbed by each cohort. Focusing on the Shrimp-Crab cohort (holding <10 BTC) as a proxy for retail and individual investors, we note that this cohort has absorbed around +25.6k BTC over the last month. This compares to monthly issuance of around +13.6k BTC minted by miners. As a result, these retail and individual holders have effectively absorbed 1.9x the volume of new supply coming to market via primary production. Live Chart Coiling Volatility A strong degree of confluence can be noted between both on-chain models, and the historically narrow 60-day price range, allowing investors to preempt regimes of heightened volatility. By measuring the percent range between the highest and lowest price ticks over the last 60 days, we can see the compression or market volatility over time. The chart below highlights periods which have a tighter 60 day price ranges than the current trading range. All of these instances have occurred prior to a significant burst of volatility, with the majority being in early bull markets, or prior to late stage capitulations in bear cycles. Live Chart Sustained sideways price action within a narrow range allows for a large proportion of the circulating supply to redistribute and concentrate at a relatively higher cost basis. The Realized Supply Density metric quantifies the supply concentration around the current spot price within a ±15% price move. When supply is highly concentrated around the spot price, small movements in price can significantly affect investor profitability, which in turn can amplify market volatility. After the Bitcoin price peaked in December, it started to consolidate, creating a dense concentration of supply with a cost basis close to the spot price. Currently, 20% of the supply resides within a ±15% of the spot price. Live Chart The Sell-Side Risk Ratio describes this phenomenon from a different perspective. This metric assesses the total volume of both realized profit and loss locked in by investors relative to the asset size (measured via the Realized Cap). We can consider this metric under the following framework: High values indicate that investors spend coins at a significant profit or loss relative to their cost basis. This condition indicates that the market likely needs to re-find equilibrium and usually follows a high volatility price move. Low values indicate that most coins are being spent relatively close to their break-even cost basis, suggesting a degree of equilibrium has been reached. This condition often signifies an exhaustion of ‘profit and loss’ within the current price range and usually describes a low volatility environment. There has been a significant contraction in Short-Term Holder spending activity in recent weeks, leading the Sell-side risk to decline very sharply. This often signals that all of the profit and loss taking events which investors planned for, have now been executed. It tends to signal that the market is near a local equilibrium, and is a precursor to the next wave of volatility. Live Chart Summary and Conclusion Bitcoin has experienced intense intraday whipsaws in price, surging to a new ATH of $109k before crashing and subsequently stabilizing above $100k. This heightened degree of market indecision is compounded by the challenging and uncertain macro backdrop heading into, and across the US Presidential inauguration. In this article, we evaluated and analyzed the conditions preceding the explosive yet wavering price action. We present a framework to identify signposts for impending volatility by utilizing the confluence of diminishing on-chain volume and capital flows, alongside a tightening price range. Disclaimer: This report does not provide any investment advice. All data is provided for information and educational purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions. Exchange balances presented are derived from Glassnode’s comprehensive database of address labels, which are amassed through both officially published exchange information and proprietary clustering algorithms. While we strive to ensure the utmost accuracy in representing exchange balances, it is important to note that these figures might not always encapsulate the entirety of an exchange’s reserves, particularly when exchanges refrain from disclosing their official addresses. We urge users to exercise caution and discretion when utilizing these metrics. Glassnode shall not be held responsible for any discrepancies or potential inaccuracies. Please read our Transparency Notice when using exchange data .
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