CryptoCurrency
Crypto Price Analysis 1-22: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, DOGWIFHAT: WIF, HEDERA: HBAR, STELLAR: XLM
Bitcoin (BTC) has gained nearly 3% over the past 24 hours, approaching its all-time high at one point as the Trump administration completed its first day in office. Markets were choppy but stabilized after the United States Securities and Exchange Commission unveiled plans to overhaul rules and regulations for the sector. BTC is trading around $105,846 and has registered gains of nearly 10% over the past week.
The crypto market has rebounded over the past 24 hours. Ethereum (ETH) rose nearly 3% to reclaim $3,300 and is currently trading around $3,342. Meanwhile, Ripple (XRP) is up 2.50%, while Solana (SOL) is up nearly 8%, remaining above $250. Dogecoin (DOGE), Cardano (ADA), Chainlink (LINK), Tron (TRX), Sui (SUI), Polkadot (DOT), and Litecoin (LTC) also registered substantial gains. The TRUMP meme coin is also up nearly 15%, gaining a staggering 530% since launch.
SEC Gives Crypto First Win Of Trump Presidency
The United States Securities and Exchange Commission’s new leadership has announced the creation of a task force to develop a clear regulatory framework for digital assets. This is the first attempt by the Trump administration to overhaul crypto policy. Coinbase Chief Legal Officer Paul Grewal said the SEC is moving quickly on Trump’s agenda, stating,
“The president has moved quickly on his agenda. The SEC has made it clear they understand that and want to be a part of that.”
The task force was created by the acting Chair of the SEC, Mark Uyeda. Its primary goal would be to develop a clear and comprehensive regulatory framework for crypto assets. SEC Commissioner Hester Pierce will lead the task force. Pierce has urged the public to collaborate with the SEC to shape the future of crypto. However, she added that the process would require significant time and effort.
“This undertaking will take time, patience, and much hard work. It will succeed only if the Task Force has input from a wide range of investors, industry participants, academics, and other interested parties.”
The task force was announced a day after former SEC Chair Gary Gensler stepped down, and President Trump nominated Uyeda as acting Chair. Trump has nominated Paul Atkins as the next Chair of the SEC. However, the pick is subject to approval from the US Senate. The SEC released a statement on its website regarding the task force, stating,
“Drawing from talented staff across the agency, the Task Force will collaborate with Commission staff and the public to set the SEC on a sensible regulatory path that respects the bounds of the law. To date, the SEC has relied primarily on enforcement actions to regulate crypto retroactively and reactively, often adopting novel and untested legal interpretations along the way. Clarity regarding who must register and practical solutions for those seeking to register have been elusive. The result has been confusion about what is legal, which creates an environment hostile to innovation and conducive to fraud. The SEC can do better.”
TRUMP, MELANIA Meme Coins Crash After Inauguration
The cryptocurrency market witnessed a sharp pullback on Tuesday following the inauguration of Donald Trump. Despite reaching a new all-time high on Monday, Bitcoin (BTC) registered a dramatic drop, falling to $102,408 before recovering on Tuesday. The sharp decline came after Trump emphasized his plans for imposing trade tariffs, amending immigration policy, and energy deregulation. However, Trump did not make any specific references to crypto. Failure to mention crypto in his inaugural speech has left some market watchers disappointed at a time when expectations from the Trump administration regarding digital assets were sky-high. Matthew Dibb, the Chief Investment Officer at Crypto Asset Manager Astronaut Capital, stated,
“I think in the short term there’s a chance this could be a sell-the-news event. The market has some great expectations about a Bitcoin strategic reserve and a loosening of regulations around digital assets, but it’s more likely these developments will be drip-fed over a series of months rather than days. Bitcoin has already retreated … We expect further volatility here and likely a selloff.”
The Trump administration is expected to introduce several regulatory changes and potentially create a Bitcoin strategic reserve. However, Trump’s involvement in the crypto market has led to ethical concerns and concerns about potential conflicts of interest.
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) has registered a marginal dip during the ongoing session as it struggles to build momentum despite surging to an all-time high on Monday. BTC reached $109,350 on Monday but quickly plummeted to test the $100,000 support, dropping to an intraday low of $99,514 before recovering to settle at $102,408. BTC’s price action suggests that despite a bullish market, sellers are keeping pressure on the $100,000 price boundary. Trump’s inauguration day saw significant price volatility but disappointed many in crypto after the president failed to mention BTC, crypto, or a Bitcoin strategic reserve. As a result of the volatility, longs saw significant liquidations. One analyst on X stated,
“I’d take a long from 99.5K~ if offered. I think the gray box needs to hold for local bullishness, and sweeping all the Trump leadup/news PA makes sense. I’d also accept a sweep of the 97K low, but that’s the farthest it should go. Any good amount of time spent past 96-97K and my plan / read is likely off. Inval low 90’s, aiming for new ATH’s.”
The Bitcoin price chart suggests considerable choppiness in the market, and we could see a definitive trend emerge by the end of the week. While BTC has maintained an upward trajectory after recovering from last week’s collapse, it has faced increasing volatility over recent sessions. BTC plummeted to an intraday low of $89,397 on Monday as selling pressure peaked. However, it recovered to reclaim $90,000 and ultimately settled at $94,492. Markets recovered on Tuesday, and BTC registered an increase of 2.19%, going past the 20-day SMA and settling at $96,566. Bullish sentiment intensified on Wednesday as BTC crossed the 50-day SMA, registering an increase of 3.61% and settling at $100,051. Sellers returned to the market on Thursday as BTC dropped to an intraday low of $97,094. However, it recovered from this level and settled at $99,798, ultimately registering only a marginal decline.
Source: TradingView
BTC made a strong recovery on Friday, rising almost 4% to surge past $100,000 and settle at $103,732. However, bearish sentiment and volatility returned over the weekend as BTC plummeted to an intraday low of $101,591 on Saturday before ultimately settling at $103,579. Buyers attempted a recovery on Sunday as BTC surged to an intraday high of $106,552. However, it lost momentum after reaching this level and registered a drop of just over 2% to settle at $101,434. BTC rallied to a new all-time high on Monday when it hit $109,350. However, it rapidly declined after reaching this level and settled at $102,408, registering an increase of nearly 1%. Sellers attempted to drive BTC below $100,000 on Tuesday as the price dropped to an intraday low of $100,173. However, buyers bought the dip, allowing the price to recover. As a result, BTC rose 3.56% and ended the day at $106,054. The current session sees BTC marginally down as sellers look to drive the price below $105,000. However, if market sentiment changes and buyers regain control, BTC could see a move past $110,000.
Ethereum (ETH) Price Analysis
Ethereum (ETH) is trading close to the psychological $3,300 level as it continues to experience volatility, leading to a considerable lack of momentum. ETH’s price struggles come as Ethereum co-founder Vitalik Buterin lashed out at growing criticism of Ethereum Foundation executive director Aya Miyaguchi and calls for her to step down from her role. The ongoing tussle between the Ethereum Foundation and the Ethereum community has also had a detrimental impact on ETH, with the asset underperforming compared to BTC, XRP, and SOL over the past weeks.
ETH’s price chart shows the asset experiencing significant volatility since recovering from an intraday low of $2,927 on Monday. ETH recovered to reclaim $3,000 and settle at $3,137 before registering an increase of 2.85% on Tuesday and moving to $3,336. Bullish sentiment registered a substantial increase on Wednesday as ETH surged past the 20-day SMA, rising nearly 7% to $3,450. However, buyers lost momentum after reaching this level, and ETH dropped 4.10% on Thursday to slip below the 20-day SMA and settle at $3,308. Buyers returned to the market on Friday, with ETH registering an increase of nearly 5% to move past the 20-day SMA and settle at $3,473. Once again, ETH was back in the red on Saturday, dropping nearly 5% to slip below the 20-day SMA and settle at $3,305.
Source: TradingView
Sellers retained control on Sunday after thwarting a recovery attempt. As a result, ETH dropped nearly 3% to $3,212. The current week began with ETH experiencing significant volatility as buyers and sellers attempted to establish control. Buyers ultimately gained the upper hand as ETH rallied to an intraday high of $3,446 before settling at $3,280. Buyers retained control on Tuesday, with ETH rising 1.44% to $3,327. However, ETH is struggling to move past the 20-day SMA, which acted as a dynamic resistance level. The current session sees ETH marginally down and trading just above the $3,320 level. If sellers continue to dominate the market, ETH could decline to $3,000. On the other hand, if buyers regain control, ETH could look to move past the 20-day SMA and push towards $3,500.
Solana (SOL) Price Analysis
Like Bitcoin (BTC), Solana (SOL) too surged to a new all-time high on Sunday, driven by the launch of the TRUMP and MELANIA meme tokens created on the Solana blockchain. The success of both meme coins generated considerable interest in SOL as well, helping boost the price. SOL has been bullish since recovering from an intraday low of $169 last Thursday. SOL recovered on Tuesday, rising 2.58% to $187. Bullish sentiment registered a substantial increase on Wednesday as SOL surged past the 20-day SMA and $200 to settle at $205 after rising nearly 10%. Buyers retained control on Thursday as SOL pushed above the 50-day SMA and settled at $211. Friday saw SOL register an increase of 4% and move to $219.
Source: TradingView
The weekend saw renewed buying activity as SOL surged a staggering 19.19% on Saturday to smash past $250 and settle at $261. Bulls retained control during the first half of Sunday as SOL surged to a new all-time high of $295. However, it could not get beyond this point as buyers lost momentum. As a result, sellers took over, and SOL dropped nearly 4% to $252. Buyers attempted a recovery on Monday as SOL reached an intraday high of $272. However, sellers took control and drove SOL below $250 to $241. The price recovered on Tuesday despite considerable volatility, rising 3.47% to reclaim $250. The current session sees SOL up by 2.31% and trading around $256. Buyers will look to build momentum and push towards $280-$290.
Dogwifhat (WIF) Price Analysis
Dogwifhat (WIF) has been trading in a downward trajectory since the weekend after failing to move past $2 on Sunday. WIF was quite bullish last week despite starting it on a bearish note. The meme coin recovered from Monday’s low to register an increase of nearly 4% on Tuesday and settle at $1.54. Bullish sentiment registered a substantial increase on Wednesday as WIF rallied a staggering 14% and settled at $1.76. With the 20-day SMA coming into play, WIF lost momentum on Thursday and registered a marginal decline. However, it recovered on Friday, rising 6.14% to move past the 20-day SMA and settle at $1.87.
Source: TradingView
Buyers attempted a move past $2 on Saturday as WIF reached an intraday high of $1.98. However, WIF lost momentum at this point and dropped over 5% to slip below the 20-day SMA and settle at $1.77. Bullish sentiment intensified on Sunday as WIF dropped nearly 14% to $1.53. The current week began with WIF firmly in the red, dropping over 9% to $1.38. Buyers returned to the market on Tuesday as WIF rose 4.50% to settle at $1.45. The current session sees WIF marginally down, trading around $1.43.
Hedera (HBAR) Price Analysis
Hedera (HBAR) surged to an intraday high of $0.402 on Friday but has since been trading primarily in the red as selling pressure intensifies. HBAR’s bullish momentum began on Tuesday when it registered a substantial increase of 4.25% to move past the 50-day SMA and settle at $0.287. Buying activity registered a significant increase on Wednesday as HBAR surged past the 50-day SMA and $0.30 to settle at $0.322 after an increase of 12.09%. Bullish sentiment persisted on Thursday as HBAR surged over 12% and moved to $0.361. The price reached an intraday high of $0.402 on Friday. However, buyers lost momentum at this point, and the price dropped to $0.373, an increase of 3.23%.
Source: TradingView
HBAR turned bearish over the weekend, dropping nearly 5% on Saturday and settling at $0.355. Bearish sentiment intensified on Sunday, with the price dropping 8.48% to $0.324. Buyers returned to the market on Monday as HBAR rose to an intraday high of $0.373. However, it could not go higher and ultimately settled at $0.342, registering an increase of 5.32%. HBAR registered a marginal decline on Tuesday, dropping nearly 3% during the ongoing session and trading around $0.327.
Stellar (XLM) Price Analysis
Stellar (XLM) surged past the 50-day SMA last Wednesday after registering a staggering rise of nearly 14% and moving to $0.488. Buyers pushed the price to an intraday high of $0.514 on Thursday. However, XLM lost momentum after reaching this level and dropped 1.28% to $0.482, but not before falling to an intraday low of $0.464. Buyers returned to the market on Friday as XLM rose 1.24% to $0.488. XLM dropped to an intraday low of $0.451 on Saturday as sellers attempted to drive the price below $0.45. However, XLM recovered from this level to register a marginal increase and end the day at $0.49.
Source: TradingView
Selling pressure returned on Sunday as the price plummeted over 11%, slipping below the 20-day SMA and settling at $0.433. The current week began with XLM rising to an intraday high of $0.477. However, the price could not push higher and ultimately settled at $0.445, registering an increase of nearly 3%. Bearish sentiment returned Tuesday as XLM dropped almost 1% to $0.441. The current session sees XLM down 2% and trading around $0,432.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Dogecoin (DOGE) retraced Tuesday’s gains while Solana’s SOL jumped 8% higher as crypto markets rebounded on Wednesday to reverse some losses from earlier in the week.
DOGE fell 7.5% amid profit taking, data shows, to trade at 36 cents in European noon hours, paring gains after a jump from 34 cents to 38 cents on Tuesday — when it surged following the display of its token’s logo on the Elon Musk-led Department of Government Efficiency website.
The website was later updated in Asian morning hours Wednesday to show another animated image of a dog. It was updated again in the afternoon to showcase only its name and a dollar sign.
Crypto majors showed mixed movement as bitcoin (BTC), ether (ETH) and BNB Chain’s BNB gained under 1% in the past 24 hours, while Solana’s SOL and XRP surged as much as 7%. The broad-based CoinDesk 20 (CD20) returned 2.57%.
Hyperliquid’s HYPE token zoomed 13%, returning the most among large-cap tokens above a $5 billion capitalization. As such, traders look to Donald Trump’s executive orders and tariff decisions for cues on market positioning.
“Crypto markets have dipped as traders take profit and wait to see the potential impact of tariffs on Mexico and Canada, which could impact stock markets when the US stock market opens tomorrow,” Jeff Mei, COO at BTSE said in a Telegram message.
“However, we are optimistic that in the coming days and weeks, Trump will issue executive orders and roll back anti-crypto policies set by the Biden administration. With the recent appointment of pro-crypto Caroline Pham as CFTC Commissioner, we’re already seeing positive signals,” Mei added.
Traders such as FxPro’s Alex Kuptsikevich mirrored the thoughts in an email to CoinDesk.
“The market’s rapid recovery is indicative of continued interest in risk assets. Bitcoin traded near the $105K mark. It was quickly bought back on Tuesday when it fell to $101K, but when it reached the $107K level early Wednesday afternoon, the market shifted to sellers. Clearly, optimism is high in the market, but an additional factor is needed for new momentum,” Kuptsikevich said.
Yesterday, President Trump signed a full pardon for Silk Road founder Ross Ulbricht. This was a tremendous victory for the Bitcoin (and Libertarian) movement.
It proved with some time, effort and political coordination, the Bitcoin network state, to borrow a term from Balaji Srinivasan, can facilitate real and important change via the highest levels of power at the nation-state level.
While we should surely take a moment to celebrate, we should also keep in mind others in the Bitcoin and broader crypto space are currently facing unfair sentencing and we should be acting on their behalf. These others include the developers of Samourai Wallet, who are currently wrongfully being charged with operating an unlicensed money transmitting business.
In this case, not only is the freedom of the developers involved at stake but our ability to use the privacy tools they’ve created.
Now we have to do #freesamorai to ensure noncustodial wallets remain legal! https://t.co/Jq1UDbe9dl
— Matt Corallo (@TheBlueMatt) January 22, 2025
And so this time around, let us right wrongs before they result in unfair sentencing, like we saw with Ross.
To do this, you can donate to the Peer-to-Peer Rights Fund to help fund the defense for the Samourai case (and others like it). We have to do our part to stop regulatory overreach and to protect the freedom of those who have helped to further enable our own via the tools they’ve created.
This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
Investors seem to persistently be drawn to the rapid evolution and change in the cryptocurrency market. Over time, four tokens exemplified by Rexas Finance (RXS), MANTRA (OM), Cardano (ADA), and Ripple (XRP) showcase the best likelihood to amass considerable returns from relatively small investments before the year 2025 wraps up. The unique offerings of each token make them worth serious consideration for investors.
Rexas Finance (RXS): Pioneering Real-World Asset Tokenization
Making things accessible to the masses is at the heart of Rexas Finance, as seen in the tokenization of real estate through blockchain. By enabling users to buy lower percentage shares of traditionally expensive assets, Rexas Finance undoubtedly stands out. Their emphasis on the platform’s security, transparency, and accessibility is unmatched. Thanks to the success of the Rexas Finance presale, over $41.5 million has been raised alongside 424 million tokens sold. As stage 11 sold out before the schedule, stage 12, owing to the result of votes by the community, has been introduced. It is currently set for $0.200, with the token set to list at $0.25 on June 19, 2025. Experts anticipate RXS climbing to $5 by Q3 2025. Investor confidence has increased due to its community-driven marketing strategies and approach to tokenizing real-world assets. This is evident from the $1 million giveaway, in which 20 winners receive $50,000 worth of RXS tokens each.
MANTRA (OM): Making Waves in the Market
Mantra has invested heavily in expanding its platform, which provides users with a comprehensive list of decentralized finance services. It trades at $3.76 while holding a market capitalization of $3.61 billion. This firm has positioned itself as essential for any DeFi user. With a shift from traditional finance to innovative DeFi solutions, analysts predict a bullish market across the capital. Focusing on community initiatives is promising. By 2025, MANTRA is projected to trade within the $12 to $15 range. Even reaching a whopping $20 is plausible during the bullish run. The projection remains clear due to strong polymers in other DeFi projects alongside steady adoption. From an investment standpoint, adopting MANTRA simplifies risks while strengthening returns. OM solves issues through an appealing, low-risk, and unique governance model while increasing community incorporation.
Cardano (ADA): A Sustainable Blockchain with Great Capabilities
Investment and retailer trust is shifting towards ADA because it has become one of crypto’s most innovative and secure blockchains due to AI-driven resources and scalability functionality. Currently, it stands at $1.06 with a $37.31 billion market cap. This signals trust and attention from all major players in the financial market. In the past few months, whales have accumulated over 30 million tokens, making big bets on Cardano. Veteran trader Peter Brandt asserts that ADA has bottomed, signaling the start of a grand bull market. Analysts forecast that in 2025, ADA will reach the $5 mark, with strong potential to increase if key sectors like smart contracts and decentralized applications become more widely adopted. In an era where sustainability is gaining significant attention, Cardano stands out due to its relative energy consumption while providing an advanced level of performance. For long-term investors, there is potential to harness the power of this blockchain with ADA.
Ripple (XRP): Leader in Cross-Border Payment Technology
The XRP token is often portrayed as an efficient and cost-effective transaction method worldwide. Valued at $3.17 and with a market cap of $182 billion, XRP is gaining momentum. Analysts believe Ripple may strengthen its relations with other players in the industry, ensure regulatory compliance, and set indicators that the price of XRP will soar to $10. Ripple pioneered building blockchain payment networks and other existing infrastructures, which paved the way for the XRP token to break international boundaries into the mainstream economy. Ripple’s consolidation with legal entities further increased investor confidence in trading, and now, the technology allows for cheap transactions around the globe.
Conclusion
Investing $600 in these tokens guarantees a strong base encompassing Rexas Finance, MANTRA, Cardano, and Ripple. Together, these companies pave the way for a smart way to spend across the many specialties of asset tokenization, cross-border payment, and blockchain technology that reduces carbon emissions and innovation in DeFi. Each token is excellently positioned to ensure that these evolving trends pay off in transformative ways that ripple across the economy. Of these, Rexas Finance is a leader in innovative tokenizing of real-world assets, which is set to boom. With strong community support, successful presale results, and a clear roadmap, RXS is poised to become the best investment for those looking to transform small amounts of money into significant wealth.
For more information about Rexas Finance (RXS) visit the links below:
Website: https://rexas.com
Win $1 Million Giveaway: https://bit.ly/Rexas1M
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Discover practical strategies to spot new memecoins before they go viral, including tracking launch platforms, analyzing social media trends and leveraging blockchain tools for early opportunities.
CryptoCurrency
HMRC to overhaul ‘scandalous system’ which has overtaxed thousands of pensioners by £1.37bn
HMRC is set to overhaul its “scandalous” tax system that has overcharged pensioners by £1.3billion since 2015.
The move comes after years of campaigning and frustration from savers who’ve had to fight for refunds.
The issue dates back to when Pension Freedoms were introduced in April 2015, allowing people with Defined Contribution pensions to withdraw their savings in chunks instead of locking it into a fixed income for life.
Unfortunately, HMRC applied “emergency tax codes” to these withdrawals, often resulting in pensioners being taxed far more than necessary.
As a result, over 470,000 people have had to claim refunds, totalling an eye-watering £1.37billion. In the past three months alone, nearly £50million has been repaid to more than 14,000 individuals.
HMRC has now given an update to the “scandalous system” in their ‘Pension Schemes Newsletter’, in an article called ‘helping customers get on the right pension pay faster”.
As a result, over 470,000 people have had to claim refunds, totaling an eye-watering £1.37 billion
GETTY
Steve Webb, partner at pension consultants LCP, has campaigned for change on the system for 10 years.
He said: “It is great news that at long last HMRC has listened to the voices of ordinary taxpayers and changed this scandalous system. For too long, hundreds of thousands of people have been overtaxed and had to jump through hoops to claim back their own money.”
HMRC has committed to replacing these outdated emergency tax codes with regular tax codes. This will ensure the correct amount of tax is deducted automatically in real-time.
This change promises to reduce the need for complicated year-end reconciliations and form-filling, especially for those making multiple withdrawals in a single year.
It’s a long-awaited win for pensioners, promising less hassle and more peace of mind when accessing their hard-earned savings.
Jon Greer, head of retirement policy at Quilter said: “HMRC’s latest figures reveal that pension tax overpayment refunds remain a significant issue, with over 14,600 repayment claims processed between October and December 2024, amounting to £49,514,458.
“This equates to an average refund of £3,390 per person. While these figures highlight an ongoing problem, HMRC’s plans to streamline tax coding from April 2025 are a welcome step towards reducing the administrative burden on savers and minimising overpayments in the first place.
“That said, the broader challenges of pension withdrawals persist. Many individuals are still accessing their pension savings to manage financial pressures.
“Such decisions, made in haste, could lead to unintended tax consequences and potentially compromise long-term financial plans.”
LATEST DEVELOPMENTS:
Greer warned that although HMRC’s planned reforms to update tax codes automatically for new pension withdrawals are a positive step, it’s unclear if they will fully fix the system’s issues.
The HMRC article said: “From April 2025 we are improving how tax code information is used for those people who are new to receiving a private pension, so they pay the right amount of tax from the outset.
“We will automatically update the tax code for customers who are on a temporary tax code and would benefit from being on a cumulative code — this means they’ll avoid an overpayment or underpayment at the end of the year.
“There is no need to contact HMRC and once a tax code has been changed we’ll inform customers by letter or digitally if they’ve signed up for paperless in the HMRC app or online.”
Webb explained this new system should mean that far more people are quickly moved on to the correct tax code and no longer end up with an overpayment of tax.
He added: “The tax system is complex enough as it is, and this change should hopefully reduce the complications which pension savers face when they try to access their hard-earned cash.”
Retirees are advised to seek professional financial advice to make tax-efficient withdrawals and avoid overpaying.
Until the reforms are fully in place, Greer explained there’s still a risk of overpayment and a complicated claims process to get money back.
He concluded: “While HMRC’s efforts are a good start, much more needs to be done to create a smoother system for savers.”
In an era where digital currencies are redefining the landscape of financial transactions, KIBHO COIN emerges as a notable contender with a distinct approach to enhancing transactional efficiency and stability.
By anchoring its value to gold reserves and operating as an ERC20 token on the Ethereum blockchain, KIBHO COIN, or KBC, showcases a strategic positioning aimed at providing a streamlined and cost-effective payment alternative.
The implications of this unique digital asset on the future of currency systems are not to be overlooked, presenting a compelling narrative that hints at potential transformations in the realm of financial transactions.
Market Cap and Volume Analysis
In analyzing the market cap and volume of KIBHO COIN (KBC), it is evident that the current market cap stands at $78,971. This data indicates the total value of KIBHO COIN in circulation at the present moment, showcasing investor interest and market activity.
The market cap serves as a key metric for assessing the overall size and health of the cryptocurrency within the broader market.
Additionally, the trading volume highlights the level of liquidity and the extent of trading occurring within a specified period, offering insights into market dynamics and potential price fluctuations.
Short-term Price Forecast Insights
With a focus on near-term market movements, a comprehensive analysis of KIBHO COIN’s short-term price forecast reveals potential fluctuations based on current trends and external factors. The projected price range for September spans from $0.005758 to $0.005978.
Moving into October, the forecast indicates a range of $0.005868 to $0.006416. November shows a potential price range between $0.006307 and $0.006526. However, December may see a slight dip, with a predicted range of $0.004387 to $0.005210.
Looking ahead to January, the estimates suggest a range of $0.004936 to $0.006581. These predictions are subject to market dynamics and investor sentiment, which could influence KIBHO COIN’s short-term price movements.
Long-term Price Predictions and Trends
Continuing the analysis beyond short-term projections, the focus shifts towards evaluating the long-term price predictions and trends for KIBHO COIN.
Long-term forecasts suggest a gradual upward trajectory for KIBHO COIN, with projected prices ranging from $0.08226 to $0.1974 in 2024, $0.1514 to $0.3290 in 2025, and further increases expected in subsequent years.
These predictions indicate a potential growth trend for KIBHO COIN, with values varying based on market conditions and adoption rates. Investors looking for sustained returns may find KIBHO COIN an intriguing option, considering the projected price appreciation over the coming years.
Factors Influencing KIBHO COIN’s Value
Evaluating the underlying factors that shape the value of KIBHO COIN provides crucial insights for investors seeking to understand its market dynamics.
The value of KIBHO COIN is influenced by various factors such as market demand, the token’s utility, the stability of the backing assets (in this case, gold), technological advancements, regulatory developments, and overall market sentiment towards cryptocurrencies.
Market demand plays a significant role in determining the value of KIBHO COIN, as increased interest and adoption can drive up prices.
Additionally, the utility of KIBHO COIN in facilitating smoother and cheaper transactions backed by gold adds intrinsic value to the token.
Future Implications of KIBHO COIN
Looking ahead, the evolving landscape of digital currencies presents promising opportunities for the future impact of KIBHO COIN.
As the world increasingly adopts digital forms of payment, KIBHO COIN’s unique proposition of being backed by gold could solidify its position as a stable and reliable alternative to traditional cryptocurrencies.
The potential for increased adoption by investors seeking a secure store of value and a medium of exchange could drive the demand for KIBHO COIN, further enhancing its value and utility in the digital currency market.
Additionally, the transparency and security provided by blockchain technology, on which KIBHO COIN is built, could attract more users looking for efficient and trustworthy transactions.
Conclusion
KIBHO COIN’s innovative approach of being asset-backed by gold reserves has garnered attention in the cryptocurrency market.
As market dynamics continue to evolve, KIBHO COIN’s ability to offer a stable and efficient payment solution could position it as a key player in shaping the future of digital currency transactions.
Angel Marinov is the Managing Editor at Coinlabz. With extensive knowledge of crypto payments and blockchain use cases, Angel is a trusted source of accurate and timely information
Ulbricht’s pardon sparked widespread celebration and reignited discussions about Roger Ver, a controversial figure in the cryptocurrency world. Ver, an early Bitcoin Cash advocate, faces allegations of owing $48 million in taxes linked to his expatriation process. He denies the charges, claiming he relied on expert advice and was unfairly treated during legal proceedings.
Critics believe that his case represents a host of issues including violations of attorney-client privilege, concealing evidence, and more. His supporters call the situation a “miscarriage of justice.” Ray Youssef, an executive at a crypto platform, was one of the first known public crypto supporters to call for Ver’s release.
In response to the growing campaign, Musk said he would look into Ver’s case. He also drew attention to what supporters see as government overreach. They believe a pardon would uphold principles of privacy and due process, mirroring arguments made in Ulbricht’s defense.
This development has intensified debates on the balance between individual rights and state authority in the crypto space. Musk’s involvement adds weight to calls for clemency, fueling hopes for a resolution.
CryptoCurrency
Is Ethereum’s Weak Performance a Reason to Worry or an Opportunity in Disguise? (Santiment)
The current bull market has seen top alternative cryptocurrencies, except Ethereum, shine, and now, ETH holders are becoming frustrated. Market sentiment signals extreme negativity among the Ethereum community, and the crypto project’s slumping market cap growth is not helping matters.
Compared to other assets like Ripple (XRP) and Solana (SOL), whose market capitalizations have grown by 36.9% and 32.2% in the past month, ETH has been struggling and even recorded a 4.7% decline.
Factors Driving ETH Underperformance
A new report by the market intelligence platform Santiment analyzed factors driving Ethereum’s underperformance.
According to the analysis, the crypto community has been criticizing Buterin for periodically selling off large amounts of ETH. Although the Ethereum co-founder has explained severally that those sales were executed to fund personal expenses or support projects related to the blockchain, community members see them as a sign that he may not be confident in the network’s future.
On several occasions, Buterin’s ETH sales have triggered multi-week-long sell-offs among traders amid heightened concerns about Ethereum’s future and decentralization. Some market participants insist that Buterin, a few big players, and the Ethereum Foundation have too much control over the network because of their large ETH holdings.
These players include Coinbase, Binance, and Lido Finance, and their influence has raised centralization concerns among users. Additionally, users are worried about Ethereum following government rules in some cases, such as blocking transactions to the crypto mixer Tornado Cash.
A Good Sign?
From a more technological perspective, some analysts believe Ethereum’s underperformance could also be linked to its decision to go modular. Modularization in this context refers to Ethereum splitting its responsibilities across smaller, specialized projects called layer-2 solutions.
While going modular could have a positive impact on Ethereum in the long term, ETH is struggling currently because these layer-2 solutions are taking away some of the attention and investment that used to go to the cryptocurrency. One illustration of this issue is the ETH supply spiking significantly after the Dencun upgrade because transaction fees declined, and less ETH got burned.
Regardless of these factors, Santiment believes that the extremely negative social side of Ethereum is a good sign for the short-term future of ETH because the market often moves in the opposite direction from general investor sentiment. So, ETH could finally break past the $4,000 range in the coming weeks if retail traders remain bearish and sell off their coins to long-term holders and key stakeholders out of frustration.
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Expert Bullish On Cardano: Forecasts Explosive Rally To $3 Once This Resistance Is Broken
Cardano (ADA) has struggled to maintain the bullish momentum it experienced in recent weeks, with its price still trailing approximately 67% below its all-time high of $3.09, reached during the 2021 bull run.
Despite this significant gap, analysts believe that the potential for a robust price recovery exists in the coming weeks and months ahead of the new year.
Cardano Consolidates Above Key Moving Averages, Poised For Breakout
Trend Rider, a prominent analyst on the social media platform X (formerly Twitter), provided insights on Cardano’s current price action, noting that the price dipped below the parabolic line, indicating a cooling-off period, which occurred just above the $1 mark last week.
However, he emphasized that the Cardano price is consolidating above its moving averages, suggesting it is preparing for a potential breakout while “shaking out weaker hands.”
Trend Rider further anticipates a resumption of bullish momentum soon, forecasting that once the Cardano price breaks through the $1.25 resistance level, it could rapidly surge toward the $3 mark, inching closer to its previous record peak.
Adding to the optimistic outlook, analyst Ali Martinez pointed out that after experiencing a 44% correction, Cardano began its second leg up during the week of February 1, 2021.
Given that ADA has already undergone a 43% correction recently, the analyst suggests that the next upward movement for ADA could be just two to three weeks away, with a target of $6 in sight.
Analysts Identify Key Support And Price Targets
Another analyst, AV Sebastian, also weighed in, suggesting that the price recent dip may be over, and that the Cardano price is poised to break out of a triangular pattern. He highlighted the last two candles as particularly bullish and expects a significant rally in the coming days.
In analyzing short-term price actions, several analysts noted that ADA is exhibiting a “very bullish market structure” on the daily timeframe. On the chart is observed a double bottom formation leading to a breakout and a V-shaped recovery along a descending channel.
It is further believed that a retest of the key support zone at $1.3886 appears inevitable for ADA’s price in the near-term, which would then lead to price uptrend with a main target of $1.7748.
Further support zones have also been identified, with the $0.824 level being crucial to watch early in 2025. Holding this support could unlock significant upside potential, and analysts are eyeing May 2025 as a key timeframe for achieving targets.
At the time of writing, ADA was trading at $1.14, up 1.13% for the 24-hour period.
Featured image from DALL-E, chart from TradingView.com
Hashprice, a metric coined by Luxor that gauges mining profitability, estimates the daily income of miners relative to their estimated contribution to the Bitcoin network’s hash power. In other words, it is the expected value miners can expect from 1 TH/s of hashing power per day.
According to Glassnode, hashprice is hovering above $62 PH/s, around the highest level since mid-December.
What’s driving the increase in hashprice? Well bitcoin (BTC) has surged to well over $100,000, a 56% increase in three months and has given the miners some relief. The network has also seen a slight increase in miner fees of late, roughly 12 BTC per day, the highest amount for over a month, partly driven by the network’s inscription activity.
Due to the halving in April 2024, where the mining rewards get cut in half, the hashprice had dropped from around $115 PH/s.
As a result of the halving, miners struggled in share price appreciation on average last year; while mining revenue for much of 2024 was below the rolling 365-simple moving average (SMA). Only since November has it reclaimed this moving average, which is a historically bullish signal.
While the hash rate, the computational power in order to mine on a proof-of-work blockchain, recently hit all-time highs, as a result sent the network difficulty to all-time highs, which eats into mining profitability, as it becomes harder for miners to receive rewards.
European head of research at Bitwise, Andre Dragosch, told CoinDesk exclusively about miners being in a healthier position than last year.
“We have recently seen a decline in network hash rate since the all-time highs in early January. Meanwhile, the price of bitcoin has increased, and the overall transaction count has picked up again. This has led to a recovery in hash price, which should technically incentivize miners to continue ramping up their hash rate”.
Dragosch says, “overall, bitcoin miners appear to be well capitalized judging by the continued increase in bitcoin miner holdings since the beginning of the year which implies that miners are selling less than they are mining on a daily basis”.
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