The United States is making significant strides in Bitcoin adoption, with recent analyses highlighting a strong correlation between the cryptocurrency and the country’s indigenous stock market. As Bitcoin continues to cement its place in the financial ecosystem, the US appears to be at the forefront of this transformation.Trump’s Push to Make America the Crypto CapitalBefore clinching victory in the November 2024 elections, Donald Trump made a bold promise: to establish America as the global crypto capital. Fast forward to 2025, and it seems this vision is beginning to materialize. Recent insights suggest that the US market is increasingly aligning itself…
Author: dfrancis36
[ad_1] Key Takeaways:Memecoins have surpassed AI to become the most prominent crypto trend in 2024. They account for 31% of investor interest.Despite still being a major trend, AI performed poorly this year. It fell behind memecoins in terms of investor interest.Blockchain ecosystems like Solana and Base are growing rapidly. They are driven by memecoins and infrastructure projects.This news dives deep into CoinGecko’s data. It shows memecoins have overtaken AI as the top crypto trend of 2024. We’ll explore the rise of memecoins, why they attract investors, and other notable crypto trends from the past year.CoinGecko ReportThe Unexpected Rise of MemecoinsHave…
[ad_1] 2024 is officially the year of degens. CoinGecko traffic analysis revealed that meme coins captured 31% of investor interest. This means every third user favored DOGE and PEPE over BTC. Solana, hosting tokens like BONK, WIF, POPCAT, and PNUT, still dominates the sector. Base is a runner-up with a $2.6B meme coin market cap. Other crypto trends this year include AI (who would’ve thought), real-world assets (RWA), gaming, and Layer-2 solutions. Cats Over Dogs, Memes Over NFTs The broader ‘meme coin’ narrative took a 14.36% share of CoinGecko’s user attention. Solana meme coins were the fourth most-hyped thing, grabbing…
[ad_1] A top crypto strategist thinks the digital asset market is in a position to witness a bullish continuation even as Bitcoin (BTC) trades below $100,000. Pseudonymous analyst The Flow Horse tells his 251,400 followers on the social media platform X that he believes the doors are open for Bitcoin and altcoins to spark surges. “The window of opportunity is between now and the second week of January for things to pop.” The analyst’s outlook stems from the idea that traders believe the incoming Donald Trump presidential administration will be incredibly bullish for crypto. Trump has signaled that under his…
[ad_1] Toncoin (TON) appears to have now entered a notable phase in its market cycle, presenting potential opportunities for investors. A recent analysis by CryptoQuant analyst Joao Wedson highlights that TON has moved into a favorable risk zone for accumulation, as indicated by the Normalized Risk Metric (NMR). This metric evaluates an asset’s price risk relative to historical data, providing a clearer picture of whether the current price levels are suitable for investment or if caution is warranted. Toncoin Current Market Outlook The NMR uses moving averages such as the 50-day and 374-day simple moving averages (SMA) along with logarithmic…
[ad_1] Bitcoin and meme coins have grabbed headlines in the latest crypto rally. However, one token gained 231% in value over the last 30 days and 813% in the past year. Interestingly, it’s not a meme token but is backed by a crypto exchange – the Bitget token (BGB).The rise of the Bitget token has been remarkable. It is one of the few tokens that has maintained a winning streak in the last seven days, with a 23.7% increase in value. The exchange-backed token is now trading at a record value of almost $5.3.What Is Bitget Token (BGB)?Launched in July…
[ad_1] Este artículo también está disponible en español. Ethereum price started a recovery wave from the $3,220 support. ETH is now recovering some losses and might rise if it clears the $3,550 resistance. Ethereum started a fresh increase above the $3,350 zone. The price is trading above $3,420 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,425 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if it clears the $3,520 and $3,550 resistance levels. Ethereum Price Starts Recovery Ethereum price remained stable…
[ad_1] Este artículo también está disponible en español. According to a report published today by blockchain security firm Hacken, decentralized finance (DeFi) protocols witnessed a steep decline in exploits in 2024, while centralized finance (CeFi) platforms more than doubled their losses due to security breaches. DeFi Platforms Show Better Security Mechanisms In its annual “Web3 Security Report,” Hacken outlined the general trends in the cryptocurrency industry with regard to scams and security infrastructure. The report notes that total losses arising from security failure in 2024 stood at $2.91 billion. Related Reading DeFi protocols accounted for $474 million in losses this…
[ad_1] Solana remained stable above the $175 level. SOL price is now recovering losses and facing hurdles near the $200 and $205 levels. SOL price started a fresh increase after it tested the $175 zone against the US Dollar. The price is now trading above $190 and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $185 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $205 zone. Solana Price Eyes Upside Break Solana price formed…
[ad_1] On-chain data shows the Litecoin Daily Active Addresses indicator has seen a significant increase this year as compared to the last one. Litecoin Average Active Addresses Have Been Notably Higher This Year In a new post on X, the market intelligence platform IntoTheBlock has discussed about the year-on-year growth in the Daily Active Addresses for Litecoin. The “Daily Active Addresses” refers to a metric that measures the total number of addresses that are participating in some kind of transaction activity on the network every day. When the value of this indicator goes up, it means the unique number of…