Connect with us

CryptoCurrency

Thousands face debt ‘well into their 70s’ as state pension won’t be enough to cover costs

Published

on

Thousands face debt 'well into their 70s' as state pension won’t be enough to cover costs

Thousands of homeowners could end up paying off their mortgages well into their 70s, with the state pension not enough to cover costs alone, new data has shown.

To manage high monthly payments, more buyers are opting for longer mortgage terms, reflecting growing challenges in housing affordability.


The Nationwide Housing Affordability Report, released today, shows how tough it is for many people to buy a home. This is especially clear in the growing trend of buyers choosing longer mortgage terms to make payments more affordable.

There has been a 156 per cent increase in people over 36 taking out 35-year mortgages since 2019, according to Freedom of Information data from the Financial Conduct Authority (FCA).

Advertisement

In the first nine months of 2024 alone, 22,103 of these long-term mortgages were issued — already surpassing the total number for any full year since 2018.

Karen Noye, mortgage expert from Quilter warns that this shift to longer mortgages could result in “a generation of retirees who are either burdened with mortgage debt well into retirement” or unable to buy a home at all.

Pensioner and pounds

Opting for these longer mortgages will see paying mortgage costs until the age of 71

GETTY

Noye said: “Retirees on fixed incomes will face the burden of managing mortgage repayments alongside other living costs, while those who remain renters will grapple with escalating rental payments that erode their savings and leave little room for a secure and comfortable retirement.

Advertisement

“This generation’s housing affordability crisis threatens to create a profound legacy of financial insecurity.”

Those opting for longer mortgages will need to be confident they can afford to make repayments until the age of 71 – three years after they can expect to qualify for the state pension, and 14 years after they reach the normal minimum pension age.

However, experts warn the state pension payments alone will not be enough to cover repayments meaning retirees will need other sources of income to manage this.

For example, data from Quilter found that a 36-year-old taking out a £250,000 mortgage over 35 years at the current Bank of England base rate of 4.75 per cent would face monthly repayments of £1,145.

Advertisement

While interest rates may change, borrowers must be confident they can keep up with these payments well into retirement.

Though the extended mortgage term helps reduce monthly payments, it means borrowers will “pay significantly more over the life of the loan”.

The full state pension currently sits at £221.20 a week (2024/25 tax year), or approximately £960 per month. While the state pension will increase over the 35-year mortgage period, so too will the everyday cost of living.

LATEST DEVELOPMENTS:

Advertisement

Noye explained that “this makes it unlikely that the state pension alone will cover a mortgage repayment alongside everyday living costs, leaving people reliant on savings”.

This is far less than the £1,145 needed to cover the example mortgage payment, not including other living costs.

While both the state pension and living costs are likely to rise, she explained the state pension alone will likely not be enough to cover mortgage payments and everyday expenses.

This means future retirees will have to rely on additional savings or pension funds to meet their housing costs in later years.

Advertisement

Jonathan Bone, Head of Mortgages at Better.co.uk, highlights some advantages to longer mortgage terms, despite the risks.

He said: “One of the biggest advantages of spreading a mortgage over a longer period is that the monthly repayments will be lower than if you opt for a shorter term.”

Bone explained that longer terms make homeownership more affordable in high-cost areas, offering flexibility and the possibility of making extra payments without penalties when finances allow.

However, the mortgage expert said that “a longer mortgage term can lower monthly payments initially, a major drawback is the higher overall interest costs.”

Advertisement

Extended terms also slow down equity growth, which can limit options for remortgaging or moving to a new property.

There are also concerns about securing mortgages that last into retirement, as lenders often require proof of sufficient pension income to continue making payments.

Source link

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

CryptoCurrency

ADA Nears Major Breakout Moment

Published

on

ADA Nears Major Breakout Moment

Cardano remains in a consolidation phase within a triangle pattern, reflecting indecision in the market. A breakout from this structure is critical for determining the cryptocurrency’s next significant move.

Technical Analysis

By Shayan

The Daily Chart

ADA’s price has been consolidating inside a triangle pattern following a rejection at the critical $1.2 resistance level. This rejection halted the prior upward momentum and introduced a prolonged period of market indecision. The price structure now suggests a balance between buyers and sellers, as evidenced by the RSI indicator hovering near the neutral 50 level.

The triangle pattern represents a coiling price action behavior, signaling that a decisive breakout is imminent. A successful bullish breakout would likely pave the way for Cardano to reclaim the $1.2 mark and initiate a sustained upward trend. Conversely, a bearish breakdown could lead to heightened selling pressure, delaying a recovery.

The 4-Hour Chart

On the 4-hour timeframe, ADA encountered rejection at the $1.2 critical resistance zone after a bounce from the 0.5 Fibonacci retracement level at $0.8. It resulted in a period of sideways consolidation, with the price forming a slight ascending wedge pattern within the broader triangle.

Advertisement

The current market conditions suggest that a bullish breakout is the more probable scenario, as the wedge’s structure often signals a continuation of upward momentum. If buyers succeed, the asset will likely surge toward and potentially break above the $1.2 resistance zone.

On the other hand, if selling pressure intensifies, Cardano’s 0.5-0.618 Fibonacci retracement range will serve as a critical support level, potentially absorbing downward momentum and preventing a deeper decline.

This breakout will heavily influence the market’s next move, making the current phase critical for traders and investors.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Advertisement

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Source link

Advertisement
Continue Reading

CryptoCurrency

CoinShares Seeks Approval For Spot Litecoin And XRP ETF In Latest Market Move

Published

on

XRP ETF

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies.

Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology.

Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.

One of Ronaldo’s defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.

Advertisement

Ronaldo’s commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo’s writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities.

Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth.

However, Ronaldo’s aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape.

Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge.

Advertisement

With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.

Source link

Advertisement
Continue Reading

CryptoCurrency

Next Stop for DePIN: Taco Bell

Published

on

Taco Bell

The DePIN revolution is coming to a fast food franchise near you. The movement that started with Helium and has spread to numerous categories, including mapping and car data, this year is now spreading to hospitality. The initiative shows how quickly DePINs — or decentralized networks of physical infrastructure — are becoming mainstream.

The fast food and hospitality industry, often associated with consistency and efficiency, is quietly upgrading as decentralized technologies make their way into the mainstream. The adoption of DePIN by major franchises like Taco Bell and KFC signals a shift in how these businesses operate and engage with technology.

At the core of this transformation is the integration of DePIN devices — sensors, routers, and other physical infrastructure — powered by blockchain and token-based incentives. These networks enable businesses to contribute to shared ecosystems while gaining real-time operational insights and being rewarded for their participation. It’s a forward-thinking approach that combines cutting-edge technology with the practical needs of fast-food and hospitality businesses, paving the way for greater efficiency, sustainability and customer satisfaction.

Advertisement

With DePIN, the industry is embracing a strategic evolution — one that reflects the growing potential of decentralized technologies to enhance traditional models while creating new opportunities for growth.

For franchisees, the potential benefits of DePIN are significant. By integrating DePIN devices into their operations, they can unlock a wealth of opportunities:

  • Enhanced operational efficiency: DePIN devices, such as air quality sensors from Ambient Network, can provide real-time data on environmental conditions. This information can be used to optimize HVAC systems, improve indoor air quality, and reduce energy consumption.
  • Increased customer satisfaction: By leveraging DePIN-powered solutions, franchises can offer a more personalized and convenient customer experience. For instance, indoor cell site deployments from Helium Mobile or XNET can provide reliable connectivity, while blockchain-based supply chain management can ensure product quality and freshness.

A case study: the power of collaboration

A prime example of DePIN’s impact on the franchise industry is the partnership between major fast-food chains and Ambient Network, the largest decentralized air quality network on Solana. By deploying air quality sensors across hundreds of stores, from coast to coast, these franchises are not only improving air quality for their customers but also contributing to a cleaner environment. Moreover, they are generating valuable data insights that can be used to optimize operations and reduce costs.

“With the growing maturity of tokens and decentralized technologies, we’re seeing a shift in how we can use these assets within our stores and properties,” explains Pushpak Patel, Founding Principal at CMG Companies, one of the largest operators of KFC, Taco Bell, Sonic, Little Caesars, Rent-A-Center, and Ace Hardware franchises in the US.

“By installing 1,000 DePIN devices from Ambient Network, we’re enhancing our ability to gather operational insights across our locations. Having air quality sensors installed doesn’t just provide real-time conditions, both outdoor and indoor — it also enables us to participate in demand-response programs. And with the strategic density of our locations, we can help unlock greater coverage for the network, which in turn generates additional data insights. This is a game-changer.”

Advertisement

Franchisees may partner with third parties to deploy and manage the infrastructure, or they can manage the devices in-house to improve operational efficiency with the devices and potentially generate an excellent return on investment. With Helium, these deployer participants are seeing ROI from a few dollars to tens of dollars per day based on factors like location, miner density and network demand.

Parami Investors, one of the largest deployers of Helium and Ambient devices in North America, has also been bullish on DePIN opportunities for franchise locations. We are clearly seeing greater adoption by retailers and hospitality providers to adopt and deploy decentralized solutions such as Helium and Ambient. Ambient is now deployed across highly dense commercial shopping and dining centers like the Japanese Village Plaza in Los Angeles’ Little Tokyo district, hotels like the Best Western in Las Vegas and fast food chains like Taco Bell, KFC and Five Guys. Revolutions start on the street with franchisees pushing the envelope for wider corporate adoption.

The road ahead

As DePIN technology continues to mature, we can expect to see even more innovative applications in the franchise industry. From decentralized energy grids like Powerledger and community-powered solar from Glow, to blockchain-based loyalty programs from Hang, the possibilities are endless.

For fast food retailers and franchisees, deploying DePIN devices is not just a technological trend — it’s an investment in a more efficient, profitable, and sustainable future. From generating passive income to collecting valuable data and optimizing operations, the benefits are clear. As the technology continues to evolve, franchisees and other small businesses will find even more ways to leverage DePIN devices to improve both the customer experience and their bottom line.

Advertisement

Decentralized solutions are building an ecosystem that benefits everyone, driving participation through incentives. And DePIN devices are a key part of that vision. By embracing these new technologies, franchisees are setting themselves up for long-term success, ensuring that they remain competitive in an ever-changing market.

Source link

Advertisement
Continue Reading

CryptoCurrency

Can Trump Meme Coin Beat Solana in 2025? Experts Back DTX Exchange as Next 10,000% Listing

Published

on

Can Trump Meme Coin Beat Solana in 2025? Experts Back DTX Exchange as Next 10,000% Listing

Trump’s meme coin (TRUMP) has been making waves, with some wondering if it could outperform established giants like Solana (SOL) in 2025. While this SOL-based asset surges in popularity, DTX Exchange (DTX) is stealing the spotlight as the true underdog with massive potential. 

Experts are already backing DTX Exchange as the next big listing, with predictions of an incredible 10,000% rally very soon. With its innovative hybrid trading model, DTX offers something truly unique, drawing attention from savvy investors looking for the next game-changing platform. Keep reading to learn more!

Solana (SOL) Soars as Trump Meme Coin (TRUMP) Takes Center Stage

Solana’s native token, SOL, skyrocketed over the last weekend, breaching the $290 price level following the launch of a meme coin tied to President Donald Trump. Dubbed the Official Trump coin (TRUMP) and launched on the Solana blockchain, this meme coin now has a $7 billion market cap, making it one of the largest on the network.

Notably, Solana shines as a cheaper and faster alternative to Ethereum. It hosts popular meme coins, DeFi platforms, and gaming projects. With ETF proposals for SOL piling up, the Solana price trajectory looks promising. 

Advertisement

Trump’s Latest Meme Coin Delivered a 1,000% Surge

The Official Trump coin burst onto the scene late Friday. The launch was announced on President Trump’s X and Truth Social accounts during the Crypto Ball, a celebration of his White House return hosted by crypto leaders in Washington, D.C.

Launching at $6.24, the coin skyrocketed 1,000+% to $75.35 within 24 hours, according to CoinMarketCap. Designed as a symbol of support for Trump’s ideals, it comes with a disclaimer that it’s not intended as an investment or security.

With 200 million coins initially available — set to grow to 1 billion over three years — just 10% is public, while 80% is reserved for creators and Trump’s CIC Digital affiliate.

DTX Exchange (DTX): A New Innovative Project Set To Revolutionize The Way You Trade

DTX Exchange enters the crypto scene as a game-changing trading platform. Designed to redefine the DeFi landscape, DTX lets you trade a wide array of assets, including cryptocurrencies, stocks, bonds, ETFs, and forex pairs.

Advertisement

It’s no wonder experts believe this viral altcoin has what it takes to dominate the 2025 bull cycle. Let’s dive into other features that make DTX Exchange a standout:

  • Diverse Asset Range: Unlike platforms focused solely on crypto, DTX Exchange opens the door to multiple investment opportunities, giving traders unmatched flexibility.

  • Unbeatable Speed: Powered by the VulcanX blockchain, DTX Exchange delivers jaw-dropping speeds of 200,000 transactions per second (TPS), outpacing Solana’s 600 TPS. Faster trades mean better entries, exits, and higher profit potential.

  • Passive Income Opportunities: The platform unlocks passive income streams that allow users to grow wealth effortlessly through its exclusive DTX RWA (Real World Assets) segment.

  • Phoenix Wallet: Managing your assets has never been easier. The Phoenix Wallet supports over 120,000 assets and provides a secure, all-in-one solution for tracking and storing investments.

Why DTX Exchange (DTX) Is The Perfect Altcoin for 2025

DTX Exchange has already captured investors’ interests thanks to its fair launch system. Unlike other projects dominated by whales and VCs who manipulate prices, DTX is backed by a growing and enthusiastic community of investors. This ensures transparency, equality, and price stability.

Adding to this fairness, DTX’s incremental cliff pricing model steadily increases token value over time, making it one of the most reliable investments in DeFi today. Right now, DTX Exchange is in its eighth presale stage and has raised over $12.5M so far. 

Its tokens are priced at $0.16 each with a potential listing price of $0.20. Early adopters have enjoyed over 700% gains and are looking forward to the 10,000% projected by experts when it lists on top-tier exchanges. 

Advertisement

Final Verdict

While TRUMP and Solana made a recent splash in the crypto market, it’s clear that DTX Exchange is a must-have altcoin in 2025. With its innovative hybrid trading model and massive growth potential, experts are backing DTX Exchange as the next 10,000% listing, ready to take the crypto world by storm. 

If you’re looking for the next big thing in crypto, all eyes should be on DTX Exchange — it’s setting the stage for a future that’s nothing short of explosive. 

Learn more about DTX Exchange here:

Buy Presale

Advertisement

Visit DTX Website 

Join The DTX Community

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.

Source link

Advertisement
Continue Reading

CryptoCurrency

Oversight committee Republicans launch debanking investigation

Published

on

While Democrats are calling for an investigation into Donald Trump’s potential conflicts of interest on crypto, House Republicans said they would explore debanking claims.

Source link

Continue Reading

CryptoCurrency

Raydium targets $10, CATZILLA steals spotlight with high growth potential

Published

on

Raydium targets $10, CATZILLA steals spotlight with high growth potential

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

CATZILLA is stealing the spotlight from Raydium’s $10 target with its high growth potential.

Advertisement

While Raydium sets its sights on a notable target, the real buzz centers around CATZILLA. This emerging contender has investors talking about its potential to surge by high values.

CATZILLA: The meme coin redefining success

CATZILLA is generating a seismic buzz in the crypto world with its growth potential. This emerging meme coin is more than just a flashy newcomer — it’s a bold, community-driven project poised to challenge crypto norms and deliver massive returns.

CATZILLA’s mission is to confront greed, expose scammers, and create a fairer crypto ecosystem. With a rebellious spirit and a fierce drive for innovation, its rallying investors, meme enthusiasts, and DeFi advocates to join its mission of decentralized financial empowerment.

Raydium targets $10, CATZILLA steals spotlight with high growth potential - 1

CATZILLA isn’t just another fleeting meme coin. It’s designed with longevity and value at its core, offering early investors an incredible 88% presale discount. Starting at $0.0002, its 14-stage presale gradually increases prices, ensuring those who act early benefit the most.

Triple utility power:

Advertisement
  1. Governance – Empowering the community to shape CATZILLA’s future.
  2. Incentives – Rewarding active engagement and contributions.
  3. Staking – Offering opportunities for passive income by holding and staking CATZILLA tokens.

By blending humor, financial opportunity, and a transparent roadmap, CATZILLA is turning heads as a serious contender in the meme coin arena.

CATZILLA’s strength lies in its passionate community and commitment to inclusivity. It’s a platform where creativity meets innovation, uniting seasoned investors and meme fans in a collective pursuit of financial freedom.

Whether for the laughs, the gains, or the mission, CATZILLA promises a fresh approach to crypto — a space where collaboration thrives and possibilities are endless.

Interested investors can join the CATZILLA movement via presale.

Advertisement

Raydium eyes further growth

Raydium’s recent surge is catching eyes as its price maintains between $5.79 and $8.67. With a 6-month climb of over 227%, the potential for more growth is compelling. The nearest resistance sits at $9.57, signaling a pivotal point. If broken, the path to the second resistance at $13.07 opens, hinting at more than a 50% gain from current levels. 

The RSI at 43.34 suggests room to run before overbought levels. The MACD’s positive nature bolsters this bullish sentiment. Recent 1-week and 1-month gains of over 39% and 54% respectively reflect growing momentum. As traders eye these levels, Raydium’s future looks promising in what could be shaping up to be an altcoin season.

Conclusion

While coins like RAY show limited short-term potential, Catzilla stands out as a meme coin aiming to bring financial freedom. With a 700% ROI potential during its presale — starting at $0.0002 and rising to $0.0016 over 14 stages — it offers governance features, rewards for loyalty, and staking options. Catzilla looks to unite enthusiasts to challenge toxic systems and reach new heights.

For more information on Catzilla, visit their website, X, or Telegram News.

Advertisement

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Advertisement

Source link

Continue Reading

CryptoCurrency

Ethereum Achieves 17x Scaling with Layer 2, but Challenges Persist, Says Buterin

Published

on

Ethereum Achieves 17x Scaling with Layer 2, but Challenges Persist, Says Buterin

Layer 2 protocols have played a critical role in scaling the Ethereum network. The blockchain’s co-founder Vitalik Buterin noted that Layer 2s in 2025 represents a significant evolution from their experimental beginnings in 2019, having achieved certain decentralization milestones, secured billions of dollars in value, and scaled Ethereum’s transaction capacity by 17-fold, all while simultaneously lowering fees.

However, Buterin stated that challenges remain, particularly around scaling and heterogeneity.

Blob Space and Interoperability Challenges

In his latest blog post, Buterin pointed out that Ethereum’s current blob space – a resource for storing and processing data on the blockchain – barely meets the demands of today’s Layer 2s and their use cases. As such, this limitation could hinder the platform’s ability to accommodate future growth.

Additionally, the heterogeneity of Layer 2s creates challenges when it comes to interoperability, composability, and user experience.

Advertisement

While Ethereum’s initial vision for scaling involved a shard-based system of homogenous blockchains, Buterin noted that Layer 2s have instead evolved into a fragmented ecosystem of chains created by different actors, each with different standards and infrastructure requirements.

To address these challenges, the Ethereum co-founder outlined several key steps. On the Layer 1 side, Ethereum must accelerate scaling blobs and expand the Ethereum Virtual Machine (EVM) and gas limits to handle activities such as proofs, large-scale DeFi, deposits, withdrawals, and mass exit scenarios.

On the Layer 2 front, he stressed the need for improved security, ensuring guarantees such as censorship resistance, light client verifiability, and the absence of trusted parties. Interoperability across Layer 2s and wallets must also be prioritized to enable easy interactions across chains through standardized addresses, message-passing protocols, bridges, and efficient cross-chain payments.

For users, Ethereum should feel like a unified ecosystem rather than a collection of disparate chains, Buterin added.

Advertisement

Strengthening ETH as a Triple-Point Asset

Buterin also stated that Ethereum’s future as a strong triple-point asset – functioning as a store of value, medium of exchange, and unit of account – requires a “multi-pronged” strategy to maximize the value of ETH.

The first step is to cement ETH as the primary asset across the combined Layer 1 and Layer 2 Ethereum economy. This includes prioritizing ETH, the main collateral for decentralized applications and financial ecosystems.

Next comes incentivizing Layer 2s to allocate a portion of their fees toward the broader Ethereum ecosystem, which could generate sustainable funding. This may involve burning part of the fees, staking them, or channeling proceeds into public goods for the Ethereum network.

Third, while rollups offer opportunities for Layer 1 to capture value through MEV, it’s important to maintain flexibility, recognizing that not all rollups can adopt this model due to different application requirements. Finally, Ethereum could explore raising the blob count as a potential revenue stream.

Advertisement
SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Source link

Advertisement
Continue Reading

CryptoCurrency

XRP Forms A Bullish Pattern In 4-Hour Chart – Analyst Expects $4.20 After Breakout

Published

on

XRP Forms A Bullish Pattern In 4-Hour Chart – Analyst Expects $4.20 After Breakout

Este artículo también está disponible en español.

XRP is currently at a critical juncture, trading at a key level after breaking its all-time high just eight days ago. Despite the market’s inherent volatility, price action remains robust, fueling optimism among investors and analysts. As the broader crypto market enters a bullish phase, XRP is gaining attention as a potential leader in the next major rally.

Related Reading

Market sentiment is growing increasingly positive, with analysts predicting a massive move into price discovery. Among them, crypto expert Carl Runefelt has shared an intriguing technical analysis on X, highlighting a bullish setup for XRP. According to Runefelt, the price is forming a bullish pennant pattern on the 4-hour timeframe, a classic indicator of potential upward continuation. This pattern suggests that XRP is consolidating before a significant breakout, which could propel the price into uncharted territory.

As excitement builds, investors are watching closely to see whether XRP can sustain its momentum and capitalize on the bullish market environment. A breakout from the bullish pennant could confirm XRP’s trajectory toward new milestones, reinforcing its position as one of the market’s most dynamic assets. 

Advertisement

XRP About To Enter Price Discovery

XRP is on the verge of entering price discovery as the broader crypto market signals a bullish rally. Following a strong pump in early November, XRP’s price action has remained resilient, fueling optimism for substantial gains in the months ahead. As the market flirts with a decisive phase, XRP continues to stand out as a top contender for life-changing returns for investors and traders.

Renowned crypto analyst Carl Runefelt has shared an insightful technical analysis on X, highlighting a bullish setup for XRP. According to Runefelt, the price is forming a bullish pennant pattern on the 4-hour timeframe, a classic indicator of potential upward continuation. Based on this setup, Runefelt has set a price target of $4.20 in the coming weeks, aligning with broader expectations of a market-wide rally.

XRP forming a 4H bullish pennant | Source: Carl Runefelt on X
XRP forming a 4H bullish pennant | Source: Carl Runefelt on X

The bullish pennant suggests that XRP is consolidating before its next major move. If the pattern holds, the breakout could propel XRP into uncharted territory, confirming its position as a leading asset in this market cycle.

Related Reading

As the market gears up for a potentially explosive phase, XRP is well-positioned to capitalize on the momentum. With its strong price action and favorable technical setup, XRP has the potential to deliver significant returns. Investors and traders are closely watching as XRP prepares for its next move, with anticipation building for what could be a pivotal rally.

Advertisement

Price Testing Critical Levels

XRP is currently trading at $3.19, following a massive surge above its previous all-time high last week. The recent price action highlights XRP’s strength as it continues to attract investor interest during this bullish phase. However, the asset has entered a brief consolidation phase, which could signal preparation for its next move.

XRP price showing strength | Source: XRPUSDT chart on TradingView
XRP price showing strength | Source: XRPUSDT chart on TradingView

For bulls to maintain momentum and sustain the uptrend, reclaiming the $3.25 resistance level is critical. Breaking above this mark would likely reignite buying pressure and pave the way for another push toward new all-time highs. Achieving this would reinforce the bullish structure and solidify XRP’s position as one of the market’s top-performing assets.

Conversely, holding above the $3.05 support level is equally important to confirm the ongoing trend. This level has become a key line of defense, and a breakdown below it could signal weakness, potentially leading to a deeper correction and testing lower demand zones.

Related Reading

As XRP consolidates, investors are closely monitoring these crucial levels. A breakout above $3.25 or a strong defense of $3.05 will provide clearer direction for XRP’s next move. The coming days will be pivotal in determining whether XRP can sustain its bullish momentum or face temporary headwinds.

Advertisement

Featured image from Dall-E, chart from TradingView

Source link

Advertisement
Continue Reading

CryptoCurrency

It’s Easier Than You Think to Build With AI and Web3

Published

on

AgentKit

Remember those middle-school writing prompts: Describe your favorite cookie.

Your teacher told you to write it as if to an alien, a being who had never encountered a cookie before, which meant touching on each sense – sight, sound, smell, touch, taste. You might not have realized it then, but describing something in a way that allows people to get a clear picture is actually quite hard.

Let me try to describe Matheus Pagani, founder and CEO of Venture Miner. Matheus is a male with light caramel skin and dark brown hair. Even though his hair is cut close, you can tell it’s curly. He’s got a thick dark brown, almost black beard, which connects to a mustache. His eyes are dark brown behind thin wire glasses. His bottom lip sticks out a little further from his top lip, giving him a look of assurance, but not arrogance.

Advertisement

Picturing him yet? How confident are you?

Oh yeah, and he’s Brazilian.

Got it?

Let’s see what Matheus Pagani actually looks like.

Advertisement
Pagani

Is this what you had come up with in your head from my description? Doubt it. Whenever I told you he was Brazilian, did you accessorize him in bright colors and a feathered headdress? Something like this?

Dancing brazilians

If so, check your bias, but also you’re thinking like an AI. That was what ChatGPT came up with from the prompt “some Brazilians having fun.” Pagani showed this and other examples spit out by our generative AI (Italians have fun by sitting around long tables with multiple generations eating pizza) during the AI2Web3 Bootcamp in NYC in early December.

The bootcamp, run by Pagani and Build City, brought together 59 participants across all skill levels to learn how the two buzziest (and often misunderstood) technologies can be brought together to create useful products and services. Pagani used a version of the middle-school assignment to explain how and why AI made the significant leaps that have kept us all excited and on edge over the past few years. Before there was largely only text data being used to train AIs, and as the exercise highlights, that only goes so far. But mix text information with visual data, and you get a fuller picture.

And understanding this, getting hands on with both AI and blockchain technology to understand its core components is what the bootcamp was all about. For Pagani, these skills are going to be relevant for nearly all people – engineers, tech users, journalists, artists, doctors – real soon.

“We want to join brilliant minds from all backgrounds to come and work with AI and Web3, since the junction of their multiple perspectives can uncover new use cases that we would never envision just with a specialized Web3 or AI mindset alone,” Pagani said. “Nowadays we have tools to easily enable any non-technical enthusiasts to build practically functional applications and systems just with “plain English,” so what matters is bringing passionate people interested in solving problems together with the proper education. When you have this combination, you just need to light the match and watch it burn.”

Mind-Boggling Building

What makes the intersection of these two technologies so exciting is just how much you can build in such a short amount of time without really any prior technical experience.

Advertisement

Not only will AI source whole codebases with the right prompt, but the crypto industry is also building tools to help make developing at the intersection of both more intuitive and accessible.

For instance, Coinbase, who sponsored the bootcamp, launched AgentKit in November. The framework allows developers to build AI agents with their own crypto wallets, enabling the agents to interact autonomously with blockchain networks. This could be used to build a squad of agents that can monitor the markets and execute trades automatically based on predefined rules and guardrails.

“One day, we’ll have AI agents own their own cars and operate their own taxi service that gets paid by customers in crypto and then uses that crypto to purchase repairs,” Lincoln Murr, associate product manager at Coinbase, told the attendees.

Coinbase currently has a grants program ongoing for building with AgentKit. “What you build doesn’t have to be useful; we have a bias towards cool stuff,” Murr told the bootcamp, hoping to inspire projects and applications that no one has yet thought of.

Advertisement

Ora Network also has an interesting model for developers looking to build AI-enabled Web3 applications or vice versa. The network allows developers to utilize current large language models, including Meta’s Llama3 and Stable Diffusion, but it also enables developers to build their own models and offer a so-called initial model offering (IMO) to crowdfund its continued development.

“It’s kind of winner-takes-all right now in AI, but with this model, we’re allowing the crowdfunding of AI building and training, so people can have a share of the models, which is empowering if we think these models will run society in a decade,” Alec James, partnerships and growth lead at Ora, said during the bootcamp. “If that’s the case, we’ll want that development distributed.”

Near, Fleek and Alora were also among the companies that sponsored the bootcamp and presented their various tools and programs for building at the intersection of these two innovative technologies.

Can Devs Do Something?

During the final day of the bootcamp, nine teams presented working prototypes for projects that blended Web3 and AI. These projects ranged from AI assistants meant to help you pick gifts, order delivery or diversify your financial portfolio to applications to help crypto operators pump out memecoins with big virality potential.

Advertisement

Jackie Joya, a participant who had flown in from San Francisco, said the bootcamp has really inspired her to keep building. With a background in animal science, Joya is still new to engineering, but was amazed how much a novice could build with the tools available.

Other participants, across all skill levels, said similar things. Choudhury Imtiaz, a market researcher from Bangladesh, who is in the U.S. on an H-1B1 Visa waiting for a placement, hasn’t heard of Web3 before the bootcamp, but was able to pitch a team project on the last day. And Isayah Culbertson, who has worked as an engineer for both crypto and AI projects separately, was able to learn skills for building with both, which he thinks has the potential to change the world for the better.

“I see the combination accelerating the research and development of so many different fields, while also allowing for a more equitable distribution of wealth generated from that R&D,” he said.

Advertisement

Source link

Continue Reading

CryptoCurrency

Ethereum (ETH) and MultiversX (EGLD) Predicted Trend Reversal, While Monsta Mash ($MASH) Gains Momentum After Hitting $1M In Presale

Published

on

Ethereum (ETH) and MultiversX (EGLD) Predicted Trend Reversal, While Monsta Mash ($MASH) Gains Momentum After Hitting $1M In Presale

Ethereum, once considered Bitcoin’s top competitor, has struggled as Bitcoin and other cryptos surged, partly boosted by President Trump’s endorsement. While Bitcoin experienced a 160% increase last year, Ether only grew by 45%. Meanwhile, the EGLD network is making strides with innovative decentralized applications and developer solutions, raising the question: how high can EGLD soar?Amidst this, the crypto market is buzzing with bullish momentum, shifting investor focus to emerging altcoins like Monsta Mash ($MASH). This viral newcomer is making waves with its explosive presale success and innovative gaming technology with projections of jumping to $3 and beyond. Let’s explore why $MASH might just be the top crypto to pick in the altcoin space!

Unlock Exponential Growth with Monsta Mash ($MASH) Presale

Analysts highlight $MASH’s appeal lies in its low entry price and potential for up to 1000x gains.Currently priced at $0.00365 in Phase 3 of its presale, $MASH is projected to surge to $0.00671 in the next phase. This promising trajectory is drawing significant attention from crypto whales, who are keen to capitalize on the anticipated growth. As excitement builds, $MASH continues to solidify its place as one of the top crypto to pick in the market.

Picture this: a $5,000 stake in $MASH at the presale price of $0.00365 bags you approximately $1,369,863 tokens. If $MASH climbs to $5 by 2026, your investment could skyrocket to an incredible $6,849,315. Sounds impressive, right? 

Don’t miss out, secure your spot in the $MASH revolution today!

Advertisement

Maximize Your Investment with Exclusive 50% Bonus Offer on $MASH

Monsta Mash ($MASH) is setting the standard for presale excitement with irresistible bonuses. For the next 5 days only, grab a 50% bonus on your $MASH purchase using code MONSTA50; an unmissable chance to maximize your investment!

But the perks don’t stop there. Earn unlimited referral rewards by inviting others to join the movement, and stake your tokens on Mash Yield to enjoy impressive annual returns ranging from 8.5% to 19.3%.

With exclusive bonuses and unmatched rewards, $MASH is more than just a presale it’s your gateway to exponential growth. Secure your stake now in the top crypto pick and position yourself for incredible returns.

MultiversX and Ethereum: The Race for Recovery

MultiversX (EGLD) is trading at $31.25, reflecting a -1.13% drop in the past 24 hours and a 94.36% decline from its ATH. The token’s 24-hour trading volume is -26.60% down, with a market cap of $862.31M. Over the past week, EGLD has fallen -12.50%, underperforming the global crypto market (+1.80%) and Smart Contract Platform tokens (+1.30%). EGLD is predicted to surge to $39.52 by February 22, 2025

Advertisement

CoinPedia’s 2025 forecast suggests EGLD could reach $67.93, with a downside potential of $21.14, averaging around $49. 

ETH has declined 0.48% over the past week, underperforming compared to the global crypto market. Currently priced at  $3,240.48, ETH’s 24-hour trading volume stands at $24.53B, reflecting a 1.24% dip in the last 24 hours.  However, ETH’s trading volume has risen by 6.50% compared to the previous day, pointing to an uptick in market engagement. Ethereum is projected to jump by 52.72%, potentially reaching $4,887.04 by February 22, 2025. Moreover Ash Crypto reports that Trump’s World Liberty Finance acquired over $58 million in ETH recently, signaling a potential price surge. Poseidon also predicts Ethereum could reach $5 by February.

Final reflections

Monsta Mash ($MASH) emerges as the leading new crypto opportunity, proving its resilience in volatile markets with rapid sales and exceptional rewards, including an engaging T2E game. Powered by an innovative GameFi framework and robust fundamentals, $MASH is poised for explosive growth, surpassing the performance of ETH and EGLD this year. Unlike the recent dips and sluggish momentum of ETH and EGLD, $MASH is on track to hit beyond $4 by 2026, delivering an impressive 300x+ ROI.

Get ready to level up!  Download the Monsta Mash beta app NOW from the Google Play Store and Apple App Store.

Advertisement

Unlock your potential with $MASH;

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.

Source link

Advertisement
Continue Reading

Trending

Copyright © 2025 WordupNews