FLOKI Prepares For New ATH; Ripple Nears $1; InQubeta (QUBE) a Better Bet Ahead of a Full Blown Bull Market
It has been an exciting ride in the crypto space, with tokens creating new peaks or inching closer to their ATHs. With the entire market trading on the upside, memecoins are at the forefront, with FLOKI (FLOKI) leading the meme craze. Its significant jump put it within striking distance of its all-time high, with bulls preparing for another run
At the same time, Ripple’s (XRP) upward trajectory continues after initially struggling with momentum. Its latest upswing put it closer to $1, sparking excitement within the community. Meanwhile, InQubeta (QUBE), an emerging AI altcoin, is backed as a more compelling investment ahead of a full-blown bull market. Buzzing with potential, it has been hailed as the best new crypto to invest in.
InQubeta (QUBE) is the star of the ICO world, leaving most of .
$FLOKI
XRP, the fourth largest cryptocurrency, has created a "death cross" on its short
XRP, the fourth largest cryptocurrency, has created a "death cross" on its short-term charts, a bearish technical indication that has sparked market interest. This event coincides with a broader market sell-off, creating concerns about XRP's short-term price trend.
A death cross happens when a short-term moving average falls below a longer-term moving average. In XRP's instance, the 50-hour moving average has fallen below the 200-hour moving average on the four-hour chart. This pattern is frequently interpreted as a warning of a likely greater fall, suggesting that negative momentum might be gaining strength.
The cryptocurrency market is seeing selling pressure as the year 2024 concludes, with several cryptocurrencies trading in the red. This sell-off might have been contributed to by various factors, including macroeconomic uncertainty and trader profit-taking. In the last 24 hours, crypto positions worth $238 million have been liquidated. As a result, XRP has dipped, battling to hold the $2 mark.
XRP drops 6%
XRP led crypto losses on the second-to-last day of the year, with reduced expectations for continuous interest rate decreases by the Federal Reserve contributing to a drop in Bitcoin and cryptocurrency prices. U.S. equities also fell as investors trimmed positions amid uncertainty heading into the year's end.
XRP has dipped nearly 6% in the last 24 hours; at the time of writing, it was down 5.96% to trade at $2.02.
XRP is trading in a symmetrical triangle pattern on its daily chart and may remain between its support and resistance lines for some time. The RSI below the midway might suggest that the bears have an advantage.$XRP
XRP Price Demonstrates the Most Bullish Set-ups for 2025: Poised to Hit a Double-Digit Fgure.
As the year comes to an end, the possibility of the top tokens closing the trade above the crucial resistance remains vague. Bitcoin fails to restore $98,000 while Ethereum may close the trade below $3,500. Meanwhile, the XRP price continues to trade above $2, displaying magnificent strength that may result in the token manifesting massive moves in the upcoming days in 2025. The current trade setup for XRP suggests the token is poised to mark a double-digit figure in 2025, as the bulls appear to be poised for a 10x rally.
As the year comes to an end, the possibility of the top tokens closing the trade above the crucial resistance remains vague. Bitcoin fails to restore $98,000 while Ethereum may close the trade below $3,500. Meanwhile, the XRP price continues to trade above $2, displaying magnificent strength that may result in the token manifesting massive moves in the upcoming days in 2025. The current trade setup for XRP suggests the token is poised to mark a double-digit figure in 2025, as the bulls appear to be poised for a 10x rally.
The XRP price is displaying very sluggish behaviour at the moment, with the volume depleting and reaching the lowest possible levels. This may suggest a massive drop in the number of buyers, as the progress seems to be very low. However, the token is about to make a historic yearly close above $2 after marking a seven-year high close to $3. Hence, sealing the levels above $2 that it usually fails to achieve after the 2018 & 2021 bull run suggests there is more room for the token to thrive in 2025.
The XRP price has been trading decremental since the rejection from the 7-year high close to $3 and seems to have reached the edge of the consolidation. Meanwhile, the Bollinger band’s sudden contraction after a massive expansion followed by a parallel consolidation. Previously, whenever the bands displayed such a contraction, it resulted in a significant explosion Secondly, the RSI is trying to validate a bullish reversal but if it turns out to be yet another lower high, a breakout below the ascending support could be imminent. However, the level at $1.96 appears to offer strong support, as it has been doing since the start of the month.
Ripple has been growing strong fundamentally by attracting mass adoption and attention. The recent rise in the trading volume that surpassed $55 billion indicates the bulls are vigilant over the token. Moreover, multiple events are expected to unfold in 2025, like a potential XRP ETF, a closure to the Ripple vs. SEC lawsuit, the wide acceptance of RLUSD and many more that may offer a strong boost to the XRP price rally in the upcoming weeks. $XRP
"Crypto Fever 2024: The Epic Rise of BTC, XRP, SUI, BGB, PEPE, PNUT, and DOGE to Unprecedented Peaks"
The cryptocurrency market in 2024 was nothing short of a rollercoaster, with several digital assets not only breaking records but also creating narratives that will be discussed for years to come. Here's a comprehensive look at how Bitcoin $BTC, $XRP, $Sui (SUI), Bitget Token $BGB, Pepe $PEPE, Peanut the Squirrel $PNUT, and Dogecoin $DOGE achieved their highest points amidst an array of compelling stories.
Bitcoin (BTC) - The $100,000 Mark
Bitcoin's journey to $100,000 was the headline of the year. This monumental achievement was fueled by a confluence of events: the Bitcoin halving in April, which historically signals a bull run; the widespread adoption of Bitcoin ETFs; and a significant shift in regulatory attitudes globally. The political landscape, particularly with Donald Trump's re-election and his pro-crypto stance, was a game-changer. Bitcoin's narrative evolved from being a speculative asset to a recognized store of value, akin to digital gold, with its price peaking at $101,234 in mid-December.
XRP - A Triumph in the Courts
XRP's price surge was spectacular, reaching an all-time high of $2.82, largely due to a landmark legal victory against the SEC in the United States. This ruling clarified XRP's status, leading to its delisting from the "securities" label for programmatic sales. This clarity spurred a revival of XRP's use in cross-border payments, with Ripple's partnerships expanding, driving the price up by 333% over the year. The story of XRP in 2024 was one of legal vindication and market resurgence.
Sui (SUI) - The Scalability Breakthrough
Sui, a newcomer to the blockchain scene, made significant waves by offering unparalleled transaction speeds and low costs. Its price soared to $53 from its starting point, marking a 509% increase. SUI's narrative was one of technological innovation, capturing the attention of developers and investors looking for platforms that could handle the next generation of decentralized applications (dApps). Partnerships with major tech firms and the launch of high-profile dApps on its network were key drivers of this growth.
Bitget Token (BGB) - The Exchange Token's Rise
BGB, the native token of Bitget, one of the leading cryptocurrency exchanges, saw its price peak at $2.58, a 350% increase. This was driven by Bitget's aggressive expansion strategy, including new product offerings like leveraged tokens and a focus on the Asian market. The story here was one of strategic growth and increasing market share in the highly competitive exchange landscape.
Pepe (PEPE) - The Meme Coin That Roared
PEPE, a memecoin based on the Pepe the Frog meme, saw an astronomical rise of 1,570% to hit $0.0000118 per token. What started as a meme became a cultural phenomenon in 2024, with its community-driven growth story capturing headlines. PEPE's success was also a testament to the power of social media and internet culture in influencing cryptocurrency markets.
Peanut the Squirrel (PNUT) - From Viral to Valuable
PNUT, perhaps the most whimsical crypto story of the year, saw its price skyrocket from near zero to $2.43, a 6,000% increase. This was largely due to a viral story about a real-life squirrel named Peanut, whose rescue from a fire by a firefighter went viral, leading to the creation of PNUT. The token's listing on major exchanges like Binance further propelled its value, with the narrative being one of community, charity, and the unexpected intersections of real life and crypto.
Dogecoin (DOGE) - The Meme That Keeps on Giving
Dogecoin, the original memecoin, continued its fairy-tale rise, hitting a high of $0.89, a 333% increase over the year. The narrative of DOGE in 2024 was one of sustained growth, driven by Elon Musk's continued endorsement, including his playful yet influential suggestions of integrating DOGE into various payment systems. This year further cemented DOGE's place in the crypto culture, showing that community and celebrity can still move markets.
Conclusion
2024 was a year where cryptocurrency narratives transcended mere financial speculation, touching on legal victories, technological breakthroughs, cultural phenomena, and community-driven movements. The price surges of BTC, XRP, SUI, BGB, PEPE, PNUT, and DOGE not only highlighted the volatility and potential of cryptocurrencies but also illustrated how diverse stories can propel digital assets to new heights. As we look back on this year, it's clear that the crypto market is as much about stories and community as it is about technology and finance.