Crypto analyst Ali Martinez warns that the Tom DeMark Sequential indicator is signaling a potential decline of over 20% for Polkadot, while suggesting that The Sandbox may have hit a market bottom and Litecoin is attracting significant interest from large investors.
The price of ORDI has reached a new all-time high of $82.80 and has seen a significant increase of 2,200% since October 16, prompting speculation on whether it will continue to rise or experience a decline before the year ends.
A popular crypto strategist predicts a significant correction for Bitcoin and Ethereum, with BTC potentially dropping to $39,000 and ETH to $2,000.
Bitcoin is experiencing a recovery and its scarcity, demand, and potential use in artificial intelligence transactions are cited as reasons for its price growth, although some experts argue that its moment has passed and that other cryptocurrencies are less favorable.
The dominance of Bitcoin in the cryptocurrency market has decreased to its lowest level in two years as traders increasingly invest in alternative cryptocurrencies known as altcoins due to renewed risk appetite following Bitcoin's uptrend and expectations of SEC approval for BTC ETFs.
Solana (SOL) has outperformed Ethereum (ETH) in 2023 and its technological capabilities and increased liquidity have contributed to its growth, although it is unlikely to flip Ethereum in terms of market capitalization.
Worldcoin (WLD) has experienced a 10% surge in value, outperforming Bitcoin (BTC) and Ethereum (ETH), and technical indicators suggest a positive trend.
The Korean premium, which is the higher price of Bitcoin on South Korean exchanges compared to other markets, is indicating an overheated market and could be a signal of a local top for Bitcoin.
The evolving cryptocurrency landscape presents an opportune time for investors to focus on top cryptocurrencies, with Bitcoin's recent surge and the forecasted growth of the crypto market indicating a bright future.
The smart contract platform Near (NEAR) is believed to be undervalued and has the potential to enter the top 10 digital assets by market cap, with an analyst predicting a possible rally of over 86% in the near future. Additionally, the analyst expects further growth for Solana (SOL), while also seeing a potential opportunity for long-term Bitcoin investors during any market correction.
Whale wallets have been accumulating Maker (MKR), Aave (AAVE), Immutable (IMX), and Fetch.AI (FET) tokens, with withdrawals from centralized exchanges indicating a reluctance to sell.
Bitcoin's rally is expected to come to an end in January, according to veteran trader Tone Vays, who predicts a sell-off event following the U.S. SEC's decision on Bitcoin ETFs, regardless of approval or rejection.
Crypto analyst Altcoin Sherpa believes that gaming blockchain Beam (BEAM) has significant upside potential for 2024, while also expressing bullishness on smart contract platform Solana (SOL) despite current market conditions, citing the advantages of cheaper chains for new crypto investors.
In 2023, U.S. regulators, including the SEC and CFTC, launched a series of enforcement actions and lawsuits against major crypto brands and exchanges, leading to criticism of stifling innovation, while courts also criticized the SEC for its denial of certain applications, raising concerns about regulatory overreach in the crypto industry.
Cryptocurrency analyst predicts potential market movements for Dogecoin based on increased network activity, while also providing insights on Shiba Inu and Bitcoin.
Ethereum competitor Avalanche (AVAX) has confirmed a breakout after gaining over 460% in the past 90 days, according to crypto analyst Rekt Capital.
The chief legal officer of Ripple, Stuart Alderoty, claims that the US SEC attempted to declare XRP as a security and offered a settlement before filing the lawsuit against Ripple; however, Ripple rejected the offer stating that XRP is not a security and criticising the lack of a crypto compliance framework by the SEC.
Despite a challenging year for NFTs, several standouts from 2021 include the Stoner Cats web series, Trump NFTs, Game of Thrones: Build Your Realm NFTs, Nickelodeon NFTs, and the Frank NFT collection.
Cryptocurrency gifts given on Christmas 2022 would have seen an increase of 86.5% in value by 2023, outperforming traditional stocks and making them a potentially more valuable gift option.
Major cryptocurrencies experienced a slight dip on Christmas Eve due to decreased trading volume during the holiday season, with long traders facing trouble and $93 million of longs being liquidated in the past 24 hours, while Solana's native token SOL surpassed $100, marking a tenfold increase in value in 2023.
The Axie Infinity (AXS) price has surged by 160% this year, reaching a new yearly high of $11.05 and breaking through long-term diagonal and horizontal resistance levels, suggesting a bullish trend and the potential for further gains.
Solana (SOL), a smart contract platform, could experience a significant price rise and potentially reach over $300, according to an anonymous crypto analyst who predicts a rise in SOL dominance and the total crypto market cap.
Solana's BONK meme coin has seen a significant surge in value, increasing by 9000% year-to-date and becoming the third-largest dog-themed coin, following Dogecoin and Shiba Inu; however, analysts warn of a potential market correction in the near future.
The altcoin market may be on the verge of an upcoming season based on signals such as the altcoin market capitalization breaking out of a long-term accumulation phase, the Altcoin Season Index indicating a trend change, and the potential for a strong uptrend in Ethereum.
The Japanese cabinet has approved a proposal to end taxation of unrealized cryptocurrency gains, potentially boosting the development of the country's Web3 industry and addressing a discrepancy in the treatment of third-party issued assets compared to those issued by holders.
The Ethereum price broke above a crucial resistance level, leading to a new yearly high, and analysts are bullish on its future performance, predicting a potential rapid increase; however, a close below the $2,000 level could trigger a significant decrease.
Dogecoin is experiencing a rise in the number of new addresses, indicating potential upward price action, while Shiba Inu has seen massive outflows from crypto exchange platforms, and Fantom is poised to reach $0.66 after surpassing key resistance levels.
The Bitcoin price reached a weekly close above a critical resistance level, but there are signs of short-term weakness developing, making it uncertain if the trend will be bullish or bearish in the last week of 2023.
Litecoin has experienced a surge in new addresses, indicating increased transaction volume and network engagement, with approximately 1.2 million LTC addresses generated on December 20, correlating with consistently higher daily active addresses than Ethereum.
The potential approval of spot Ethereum ETFs in 2024 is expected to provide bullish momentum for ETH, according to analysts, as investors anticipate the event and become less willing to sell.
El Salvador is allowing foreigners to obtain citizenship through Bitcoin donations, with no specified minimum donation required, and the country's positive stance towards Bitcoin has attracted an influx of foreign residents.
The Japanese government has revised taxation laws to provide favorable conditions for companies holding cryptocurrencies, with a major change being the exclusion of year-end market value assessment taxation for these corporations.
Crypto strategist Pentoshi believes that Ethereum scaling solution Arbitrum (ARB) will experience a significant upward movement if it surpasses its immediate resistance at $1.70, while decentralized exchange Injective (INJ) is currently in price discovery mode with no resistance, and layer-2 altcoin Optimism (OP) is set to begin price discovery after breaking its all-time high.
The value locked in Shiba Inu's Layer-2 blockchain, Shibarium, has surpassed $1 million, accompanied by a significant increase in the burn rate of SHIB tokens, resulting in over 17 billion tokens being withdrawn from circulation.
Socrates is a new Web3 social media platform that rewards users for participating in activities such as creating questions, voting, commenting, and liking, aiming to create a cultural nexus that encourages intellectual exploration and values freedom of speech.
Polygon founder Sandeep Nailwal describes 2023 as a "painful ride" for the project, but finds it liberating to be an underdog again, as the price of Polygon (MATIC) continues to decline.
Billionaire Tim Draper predicts that Bitcoin will become a consolidated platform for launching new technologies, similar to Microsoft, and expects the price of BTC to reach $250,000 by 2024.
Crypto asset management firm Ikigai has sold its $65 million claim in FTX's bankruptcy at a higher price than expected due to the slow progress and mistakes made by the entities behind the bankrupt exchange. The majority of the cash obtained from the sale will remain in the fund, and the firm believes the digital assets industry is on the verge of another bull run.
Decentralized finance protocol Curve Finance will compensate users who suffered losses from a security breach, allocating around $49.2 million in crypto assets to the victims after a vote by token holders.
Parallel is a dark sci-fi card game that offers stunning character art, deep strategy, and rewarding gameplay, setting a new standard for NFT card games and breaking free from the genre mold.
Bitcoin's recent bullish streak could be at risk as on-chain data suggests a redistribution regime among large BTC whales, potentially causing the price to retrace towards $37,000 if key support levels are broken.
Nigeria's Central Bank has reversed its strict anti-crypto measures and now allows banks to handle crypto-related transactions, coinciding with the introduction of the cNGN stablecoin by Nigerian banks.
Dogwifhat (WIF), a dog-themed Solana meme coin, has gained significant popularity and climbed 227,000% in less than a month, pushing Solana decentralized exchanges' trading volume above Ethereum's for the first time ever. Additionally, a Bitcoin ETF is anticipated to be approved in January, boosting BTC to yearly highs, while Senator Elizabeth Warren accuses crypto lobbying groups of enabling terrorism, but her tweet receives a community note correcting her claims. Solana Saga smartphone becomes the "Bust of the Year" according to YouTuber Marques Brownlee, and disgruntled Solana users are left empty-handed as Solana Labs accidentally sells phones it doesn't have in inventory.
Bitcoin could reach new all-time highs within the next two months, according to a crypto analyst who suggests that the on-balance volume (OBV) indicator is signaling a bullish trend, similar to previous instances in 2017 and 2021.
Delhi has the highest percentage of cryptocurrency investors in India, surpassing Mumbai and Bengaluru, with Dogecoin and Bitcoin being the most sought-after cryptocurrencies in the country.
The Web3 community, once fueled by revolutionary ideals of decentralization and democratization, is now grappling with compromises and challenges as survival and profitability become top priorities in the face of harsh financial realities and the dependence on venture capital. Many Web3 startups have shifted their focus from revolutionizing industries to selling services to established brands, while major corporations have embraced Web3 superficially without meaningfully redistributing wealth or opportunity. The struggle to balance profitability with revolutionary potential is pushing the Web3 ecosystem to mature and evolve.
The SHIB team has burned nearly $100,000 worth of Shiba Inu tokens, reducing the circulating supply and supporting bullish gains for the meme coin.
Despite being marred by scandals, fraud, and regulatory issues, the crypto industry had a successful year in 2023, with Bitcoin rising 160% in value and the expectation of a mainstream investment product approval in January, potentially attracting new investors.
The bitcoin price has surged to new highs, but legendary trader Arthur Hayes warns that BlackRock's potential bitcoin spot ETF could destroy it and pave the way for a new crypto monetary network.
Despite being available for less than $1, three sub-$1 cryptocurrencies worth considering are Polygon, XRP, and Cardano due to their future growth prospects and competitive positioning, with Cardano being the most bullish investment choice.