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New VINE meme coin coming to Binance Futures on Jan. 24

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New VINE meme coin coming to Binance Futures on Jan. 24

VINE, the Solana-based meme coin launched by VINE co-founder Rus Yusupov, is coming to Binance Futures as a USDT-based perpetual contract.

In a recent notice, Binance Futures announced that it will be adding the Vine coin and pippin on USDT (USDT)-based perpetual contracts starting Jan. 24, 2025 at 10:00 UTC for VINE and 10:15 UTC for pippin. Binance Futures is offering maximum leverage of up to 25x for both USDT-margined contracts.

The maximum funding rate for VINEUSDT and PIPPINUSDT perpetual contracts at launch will be +2.00% and -2.00%. The funding fee calculation frequency will occur every four hours.

Moreover, Binance will provide multi-asset trading support for both perpetual tokens.

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Unlike most meme coins that experience a surge after Binance perpetual contract announcements, VINE and PIPPIN seem to have gone down in value. Having only launched two days ago, the VINE coin has gone down by 11.5% in the past 24 hours and 18.4% in the past hour. Minutes after the Binance Futures announcement was released, its price went up to $0.26 before dropping to $0.22. VINE is currently trading hands at $0.21.

The meme coin inspired by the now-discontinued social media app has reached a market cap of $217 million. However, its 24-hour trading volume managed to surpass $1.6 billion in just a short time.

New VINE meme coin coming to Binance Futures on Jan. 24 - 1
Price chart for VINE in the past 24 hours of trading, January 24, 2025 | Source: CoinGecko

PIPPIN fared a little better than VINE, increasing by nearly 9% in the past hour after the Binance Futures announcement. Though, the token’s value has been slipping by 7.6% in the past 24 hours. Launched in November 2024, pippin’s market cap stands at $144 million with a 24-hour trading volume of $88 million.

VINE coin triggered by rumored VINE revival

The VINE meme coin was launched on Jan. 22, 2025 by VINE co-founder Rus Yusupov as a way to “commemorate the beauty of togetherness and creation” that content creators experienced through the short-form video app that reigned supreme in the early 2010s.

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“We impacted culture. Millions of videos were posted. I am launching this coin to commemorate the beauty of togetherness and creation,” wrote Yusupov on the Vine coin’s website.

He claimed that the team will not sell a single token. Instead, all profits reaped from the VINE meme coin will be donated to X, which he views “has become a beacon for free speech and self expression.”

VINE was shut down in 2017 by its parent company Twitter as it struggled to compete with other emerging social media platforms at the time. Since then, Elon Musk has taken over as Twitter’s owner and rebranded it to X.

On Jan. 19, one X user asked Musk to bring back Vine following the ban of TikTok in the United States. To which Musk responded his team was “looking into it.” Many believe Musk’s response is what prompted Yusupov to launch the VINE meme coin.

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Early Ethereum ICO Investor Apes Into What Is Predicted To Be The Biggest Craze In 2025, Remittix! This Will Make Many Millionaires

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Early Ethereum ICO Investor Apes Into What Is Predicted To Be The Biggest Craze In 2025, Remittix! This Will Make Many Millionaires

An early Ethereum ICO investor is making waves by jumping into Remittix, a new project predicted to be the biggest craze of 2025! With huge potential and exciting features, Remittixis expected to make many millionaires. As interest grows, people are starting to see the power of this presale token. Let’s dive in and see why Remittix is getting so much attention and could change the game!

Ethereum Faces Price Decline Amid Market Struggles

As the market for more general cryptocurrencies suffers, Ethereum (ETH) is losing appeal. Its price just fell below $3,300 to show an investor’s negative attitude. Notwithstanding these difficulties, Ethereum’s future seems bright especially with the possible approval of Ethereum ETFs (Exchange-Traded Funds). Should accepted, these ETFs might pave the path for significant institutional investors, thus influencing Ethereum’s price in the next few years.

Ethereum is finding it difficult to sustain increasing momentum right now. Concerns among traders have resulted from its inability to remain above highs over $3,400. Reduced demand from long-term holders and less money entering Ethereum-based investment products are mostly responsible for this price decline. Now testing important support levels, Ethereum may suffer further losses if it falls short of staying above current levels.

For Ethereum’s long-term future, there is still hope however. The acceptance of Ethereum ETFs might result in major institutional investment, thereby probably raising Ethereum’s value. Analysts believe that, particularly as more investors get engaged, if institutional access improves, Ethereum’s price will be soaring once again..

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Moreover, even if Ethereum is having temporary difficulties, the possible approval of Ethereum ETFs might act as a spark for next expansion. Investors should monitor these events as they could affect Ethereum’s performance in the next months and years.

RTX Set to Surge Higher in the 2025 Bull Run

If you’re looking for a promising cryptocurrency to invest in, RTX might be the one to watch. RTX is growing more and more popular as the world of cryptocurrencies expands as it can address important issues in the $180 trillion cross-border payment sector. This industry which handles international money transfers may be delayed and expensive. Remittix seeks to transform that by means of quicker, less expensive, more safe payments made utilizing blockchain technology.

Users of the Remittix platform may transfer money straight to bank accounts anywhere in the globe. With quick transfers free of hidden costs, it turns over more than forty different cryptocurrencies into fiat money akin to dollars or euros. Remittix is therefore a more reasonably priced choice than conventional banking systems. Using the Remittix Pay API, companies may also take bitcoin payments and convert them into fiat, therefore giving a straightforward approach for managing digital assets.

Remittix’s $RTX coin forms its central focus. Staking, governing and getting platform incentives all depend on this coin. RTX’s restricted overall supply of roughly 1.5 billion increases to its demand and exclusivity. At its current stage of presale phase, the RTX token is now valued at $0.0297, which presents a fantastic investment chance. Experts estimate that the coin may rise 25x during the presale and witness above 1,500% increases after official release.

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For anyone looking to invest in the best coins to buy now or the best coin to invest today, RTX offers a solid option. Expected to explode in value during the 2025 bull run is its creative answer to a significant worldwide problem.

Discover the future of PayFi with Remittix by checking out their presale here:

Website:https://remittix.io/

Socials: https://linktr.ee/remittix

Disclaimer: This is a sponsored press release 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. 

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TRUMP, DOGE, BONK ETF approvals likely, but Cathie Wood won’t invest: Finance Redefined

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ARK Invest’s Cathie Wood said she won’t buy the Trump token due to its lack of utility, as she remains focused on Bitcoin, Ether and Solana.

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Who owns the most XRP? Top XRP holders and ownership distribution explained

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Who owns the most XRP? Top XRP holders and ownership distribution explained

Ripple’s XRP token, one of the most popular cryptocurrencies in the world, has surged close to 600% in the last 3 months. With such a wild increase, it is important to address the following question: Who owns the most Ripple (XRP)?

You see, a token’s distribution has to be diverse, as concentration means that the majority holder of the token can heavily manipulate the price at any major buy or sell position. Understanding who holds the most XRP can be key for investors to make a long-term buying or selling decision about this popular cryptocurrency. 

In this article, we’ll provide an overview of the number of XRP holders, the token holder distribution, and the possible impacts of this ownership in the future.

Overview of XRP holders

Ripple Labs, the creator of the XRP token, is reported to hold the largest share of the token’s supply, amounting to 46 billion XRP. Also, Chris Larsen, the co-founder of Ripple Labs, reportedly holds 5 billion XRP. Major cryptocurrency exchanges also hold a substantial amount of XRP, with Binance holding 1.83 billion tokens.

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As of January 24, 2025, XRP is trading at approximately $3.16 per token. The cryptocurrency has experienced an intraday high of $3.18 and a low of $3.04. The 24-hour trading volume stands at $8.2 billion, contributing to a market capitalization of around $182 billion.

Who owns the most XRP? - 1

XRP 1D chart | Source: crypto.news

How many people own XRP?

Due to the anonymous nature of cryptocurrency transactions on the blockchain network, it is almost impossible to calculate the number of XRP holders. However, it is possible to track the multiple wallet addresses that hold this token. 

According to the latest data collected by Bithomp, there are approximately 6,032,259 active XRP account holders who hold a total of 99,986,575,397 XRP. While these numbers provide an estimate of XRP holders, the actual number may be different, as many users may hold multiple wallets, and some wallets will also belong to many crypto exchanges. 

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Top XRP holders

According to the latest data from Coincarp, 41.04% of the XRP token supply is held by the top 10 wallets. Meanwhile, the top 20 holders own 50.30% of the total supply, and if we talk about the top 50 and top 100, they hold 63.71% and 71.74% of the total supply.

As for centralized crypto exchanges, Upbit is the leader among XRP owners, with 4.37% of the total supply, followed by Binance with 1.31%, Bitbank with 0.58%, and Korbit with 0.12%. 

Distribution of XRP among holders

If we look at the distribution among XRP owners, we can see that wallets in the range of 1 million to 10 million XRP account for 6.42% of the total XRP supply. Following this, wallets between 100,000 to 1 million XRP hold 11.14%, and smaller XRP holders with 1000 to 100000 XRP own 7.53% of the total supply. Meanwhile, holders with 1000 or fewer XRP tokens make up a small percentage of the total XRP token supply, highlighting the dominance of larger accounts in this token.

Ripple Labs and XRP ownership

Founded in 2012, Ripple Labs is the creator of XRP, a company that focuses on real-time payment solutions. Its primary offering is known as RippleNet, a technology used by major institutions for cross-border payments. While Ripple Labs does hold the largest share of XRP tokens, amounting to 46 billion XRP tokens, most of it is locked in escrow with scheduled releases to manage token supply effectively.

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This major ownership does promote the ecosystem’s growth, but it also points to the centralization of the token’s supply, which goes against the core principles of blockchain technology.

The impact of XRP ownership distribution

As mentioned above, a few entities hold a significant portion of the XRP token supply, with the top 20 holders collectively controlling 50.53% of the total supply. While it is common for many cryptocurrencies which are in their early stages to have a concentrated supply among a small number of holders, it is not good in the long run especially when it comes to price stability and market behaviour.

If major holders were to sell off their XRP holdings in a small amount of time it can drastically affect the token’s price, and more importantly, it can dent the project’s reputation forever. It is advisable to do your research before investing in any token and take a look at its tokenomics, total supply, and the convention of token holders as well.

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New AI & Gaming Meme Coin Presale Just Launched

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New AI & Gaming Meme Coin Presale Just Launched

[PRESS RELEASE – New York, United States, January 24th, 2025]

BullFWOG ($BFWOG), a newly launched meme coin, has announced its presale as part of a broader ecosystem incorporating gaming, AI integration, and multimedia initiatives.

BullFWOG Integrates Gaming, AI, and Meme culture

BullFWOG differentiates itself within the meme coin sector by integrating a suite of features currently under development. The BullFWOG ecosystem will include Play-to-Earn (P2E) and Player-vs-Player (PvP) mini-games, an interactive Spin the Wheel feature, and AI-powered functionalities. The gaming component will allow players to use $BFWOG tokens to participate in fast-paced tournaments, head-to-head battles, and other activities with the opportunity to earn rewards and win prizes.

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Presale with Dynamic Pricing to Incentivize Early Participation

The meme coin sector has seen significant activity, with some projects gaining substantial traction due to community engagement and market interest. Early-stage participation in such projects often attracts attention from market participants looking for emerging trends within the cryptocurrency space. BullFWOG ($BFWOG), currently in its presale phase, has adopted a dynamic pricing model where the token price increases periodically. According to the team, this structure incentivizes early participation and is designed to support the token’s ecosystem development. The initial presale price of $BFWOG is set at 0.000020 SOL however it will not remain at this price for long before the first periodic increase. Early participation is advised.

BullFWOG Gaming Ecosystem

BullFWOG will serve as the central character in its gaming ecosystem, which will also feature familiar meme characters. The platform will include a variety of mini-games, where players can potentially earn $BFWOG tokens through gameplay and wager tokens in Player-vs-Player (PvP) battles. The ecosystem will also introduce fast-paced tournaments accommodating up to 1,000 players simultaneously. These tournaments will allow participants to enter with small wagers for a chance to compete for significant prize pools.

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Additionally, players can accumulate $BFWOG tokens to get tickets for the Spin the Wheel feature, which offers opportunities to win rewards, including USDT and BTC prizes. According to the team, early backers participating in the presale will have the opportunity to obtain the first tickets to this feature.

AI Integration

The BullFWOG project plans to integrate artificial intelligence (AI) across multiple aspects of its ecosystem. According to the team, AI will be utilized in game development, chatbots, game dynamics, and user engagement. Additionally, AI-driven automation will be applied to manage social media activity, generating and posting content, such as viral memes, around the clock to enhance project visibility and audience reach.

The team highlights that leveraging AI in this manner aims to streamline marketing efforts, increase efficiency, and drive broader community awareness.

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The Ribbit Song

As part of its broader ecosystem development and marketing efforts, BullFWOG has released an original meme-themed song titled Ribbit. The track and video were developed using AI and is now available on major streaming platforms, including Spotify, Apple Music, YouTube Music, and Deezer. In addition, the team has produced an accompanying music video, which can be viewed on YouTube.

This initiative highlights the project’s focus on multimedia engagement, aiming to enhance its visibility and community connection through creative efforts.

Click here to watch Ribbit on Youtube

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About BullFWOG ($BFWOG)

The mission is to create a decentralised, community driven platform where users can enjoy engaging games, win crypto currency, earn rewards and participate in a thriving ecosystem. $BFWOG aims to be the go-to token for meme enthusiasts and gamers alike, fostering a strong sense of community and belonging with plenty of fun. Its also one of the first memes to have its own AI developed theme tune on all the big streaming platforms.

Users can join the presale here: https://bullfwog.com

X: @thebullfwog

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Telegram: @bullfwogcoin

Website: https://bullfwog.com

Interested users can listen to the song on all major streaming services including:

SpotifyApple MusicAmazon Music and more

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Ethereum Price Eyes $4,000 With Rising Channel Pattern

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Ethereum

Este artículo también está disponible en español.

Crypto analyst BasicTrading has revealed a bullish pattern that has appeared for the Ethereum price, which hints at a rally to $4,000. This again provides some optimism concerning ETH, which has continued to underperform in this market cycle. 

Ethereum Price Eyes $4,000 With This Bullish Pattern

In a TradingView post, BasicTrading revealed that a breakout to $4,000 looks to be on the horizon for the Ethereum price following the formation of a rising channel pattern. This bullish prediction came as the analyst noted that ETH had been retesting the previous all-time high resistance and was not able to break it. 

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However, this time, it could be different following the rising channel pattern. The analyst added that with the bullish break and retest and Ethereum price action, the breakout is about to happen. With Ethereum likely to break this psychological $4,000 resistance level soon enough, the analyst suggested that this could ultimately pave the way for ETH to reach and possibly surpass its current ATH of $4,800.

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Ethereum
ETH moving in an ascending channel formation | Source: BasicTrading on Tradingview

BasicTrading remarked that the sky is the limit for the Ethereum price if it manages to break above its current ATH. Interestingly, the crypto analyst raised the possibility of ETH rising to between $20,000 and $25,000 if it replicates its historical performance from previous bull cycles. This price range represents the upper resistance trendline of the rising channel. 

However, the analyst stated that the Ethereum price must first achieve a clear breakout of its current ATH before a rally to as high as $25,000 can become a possibility. This bullish projection for ETH comes just days after crypto analyst Ali Martinez explained why it wasn’t time to give up on Ethereum despite its underperformance in this market cycle. Martinez mentioned that a decisive breakout above $4,000 could send ETH to $7,000. 

ETH To Reach Five Digits In This Bull Run

Crypto analyst CrediBULL Crypto has also backed BasicTrading’s bullish outlook as he predicted that the Ethereum price would at least reach $10,000 in this market cycle. The analyst asserted that ETH will come back with a “vengeance” in the coming months. He added that $10,000 is the bare minimum once Ethereum breaks out. CrediBULL Crypto further opined that $20,000 is certainly not unreasonable by the end of this cycle. 

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Crypto analyst Mikybull Crypto also provided a bullish outlook for the Ethereum price, stating that ETH’s hated rally that will bring it to $12,000 is loading. He further remarked that the chart is giving market participants a glimpse and that patience is all it takes. 

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At the time of writing, the Ethereum price is trading at around $3,400, up over 5% in the last 24 hours, according to data from CoinMarketCap.

Ethereum
ETH trading at $3,386 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from iStock, chart from Tradingview.com

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Solana Price Will Hit $100 Again Next Month If This Happens. Why New PayFi Altcoin Is Turning Heads Worldwide

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Solana Price Will Hit $100 Again Next Month If This Happens. Why New PayFi Altcoin Is Turning Heads Worldwide

Solana (SOL) began a wild ride on the 15th January after a subpar performance in the weeks prior. It then shot up by more than 30% of its value before fluctuating its way back down to $244 just a week later where it now sits. This has left some crypto spectators pessimistic, believing the asset is now likely to trend down to $100. Meanwhile, a new PayFi project is showing promise in its presale, having raised over $5.8 million in its presale in record time. Remittix (RTX) is gaining traction as it tackles real world problems, solving inefficiencies in the high-value global payments market. So what key features are drawing DeFi enthusiasts to Remittix and how will Solana (SOL) perform in Q1 of 2025?

Solana (SOL) Price Plummets 6% In 24 Hours

After Solana’s rampage last week, the asset is now facing a harsh corrective price action. It has dropped by 6% in the last 24 hours alone, bringing its net monthly gain down to 26.5%, when it was over 40% previously. However, one glimmer of hope for holders is that Solana’s trading volume has jumped by 9% overnight, suggesting that investors are buying what they see as ‘the dip’. With this most recent loss, Solana’s (SOL) market cap has dropped below the significant $120 billion market cap mark. Solana (SOL) remains under fire for its relatively high level of inflation, as well as a long-term issue whereby network outages have plagued the platform. However, the outage problem has seen some improvements over the last year.

Remittix Sets the Bar High for Global Payments

With Remittix (RTX), banking inefficiencies are being addressed to change the way global payments are handled. Bringing together blockchain transparency and fiat reliability, the platform lets users change over 40 cryptocurrencies into fiat currency and transfer funds to bank accounts worldwide. Remittix offers 24-hour transaction times and flat fees, providing a modern alternative to legacy financial systems.

Created for businesses and individuals alike, Remittix (RTX) offers up the powerful RemittixPay API for easier payments. This tool gives businesses the ability to take payments originating from crypto but settle them in fiat. It supports over 30 fiat currencies and 50 cryptocurrency pairs allowing users to conduct cross border financial operations with unrivaled flexibility.

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One standout feature of Remittix (RTX) is its commitment to financial inclusion. By operating 24/7 and without traditional banking infrastructure, the platform allows underbanked populations access to global financial systems. This fits with the project’s goal of democratizing financial access and reducing inequalities in the global economy.

Remittix Presale Shows Dominance, Surpassing $5.8 Million

As it powers through its presale, the $RTX token is priced at $0.0297 and has already raised over $5.8 million. The token underpins the entire Remittix ecosystem, powering governance, staking and rewards. Analysts predict an 800% surge in value by the presale’s conclusion with the potential for a 5,000% rally post-launch, positioning Remittix as a transformative player in the lucrative PayFi sector.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/

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Socials: https://linktr.ee/remittix

Disclaimer: This is a sponsored press release 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. 

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MicroStrategy announces debt buyback amid potential tax on BTC gains

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According to data from SaylorTracker, MicroStrategy shares are currently trading at a net asset value (NAV) of 1.86x.

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Trump’s executive order declares crypto national priority, Graphite Network shows how to bridge blockchain and TradFi

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Trump’s executive order declares crypto national priority, Graphite Network shows how to bridge blockchain and TradFi

‘’We’re embracing the future with crypto and leaving the slow and outdated big banks behind’’, President Donald Trump declared, signaling a shift in his administration’s approach to digital assets. 

The vision was formalized on Thursday, when signed an executive order establishing a working group on digital asset markets. The order reaffirms the administration’s commitment to key crypto principles, including coding transparency, self-custody, and fair banking access, aiming to integrate blockchain technology responsibly into the U.S. financial system.

This idea of blending blockchain with traditional financial systems is bold, and Graphite Network offers the means to make it happen with its scalable and compliant solutions tailored to meet the modern financial needs of banks and financial institutions of all sizes.

Speaking to crypto.news, Graphite Network CTO Marko Ratkovic said:

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“While it’s clear that the world is changing and the new US administration is becoming more open to cryptocurrencies, concrete regulations are still up in the air. What’s certain, though, is that Graphite Network offers the infrastructure banks need to make this transition. We can help traditional finance connect with the decentralized economy, and this support is just as important for mass adoption as the regulations will be.”

Bank Integration Demo is built to address pressing challenges facing financial institutions as they struggle to implement blockchain adoption on their own through:

  • Building Reliable Infrastructure: Graphite Network’s blockchain is built on a Proof-of-Authority Polymer 2.0 consensus mechanism, ensuring high security, scalability, and energy efficiency. This will assist financial institutions in adopting blockchain technology without compromising their existing and legacy business.
  • Bridging Compliance and User Empowerment: By integrating ZKP-based KYC processes and reputation scoring, Graphite Network bridges the gap between institutional requirements and user autonomy.
  • Strategic Partnerships: Graphite Network continues to collaborate with banks and other financial institutions and tailoring blockchain solutions to address any specific needs.

Other bank-compliant Graphite Network’s features

Predictable Fees, Even During Peak Activity

Graphite Network’s Layer 1 blockchain is built to keep fees reasonable, even during periods of high network activity. For banks and financial institutions, this predictability is crucial for managing costs and ensuring smooth operations. In contrast, Ethereum lagged in 2024, with fees spiking unpredictably — averaging $3.52 per transaction during peak times. Such volatility can disrupt cost projections and scalability, making Graphite Network a more reliable choice for institutions integrating blockchain technology.

Non-Intrusive KYC

Graphite Network’s optional KYC system is a game-changer for balancing privacy and compliance. The system is built with Zero-Knowledge Proof technology which allows third parties to verify user data such as age or location without revealing personal information. This ensures data security and privacy while providing regulatory agencies and financial institutions with a verifiable, compliant system. User data submitted during the KYC process is kept off-chain to minimize the likelihood of data breaches or unauthorized access.

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Trust Score and Interaction Preferences

Graphite Network’s Trust Score reflects a user’s reputation based on things like their KYC status, transaction history, account activity, and interactions with others. It even looks at whether any fraud claims are associated with their account. However, Graphite Network doesn’t impose strict rules—it lets users decide how they want to manage their interactions. They can choose whether to complete KYC, who to engage with, how to filter transactions, and more. This flexibility is important because it gives users control over their own decisions.

For banks, this is useful because it allows them to have insight into the trustworthiness of users without forcing everyone into a one-size-fits-all system. Banks can also benefit from knowing that users can set their own preferences while still maintaining the ability to track and assess risk through the Trust Score.

Reputation-Based Smart Contracts

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Graphite Network will also provide tools for banks and businesses to develop smart contracts that consider reputation metrics, enabling customization of services for targeted user groups. A bank, for example, could create a contract to issue loans only to customers with verified credit scores or a history of account activity, meeting both business objectives and regulatory standards.

Directed Fund Management

Graphite Network is planning to introduce tagged addresses to improve transparency and accountability in blockchain transactions. These addresses will be linked to specific purposes, such as business-related payments or loan servicing, ensuring that funds are directed where they’re intended. For example, if a bank transfers funds to a loan repayment-tagged address, it will be clear that the payment is for that purpose. If the funds are later misused — say, spent on unauthorized transactions — the system will flag it immediately.

Additionally, smart contracts will be able to block transactions from suspicious addresses, adding an extra layer of security. While this feature isn’t live yet, it’s a significant step toward making blockchain transactions more secure and trustworthy for financial institutions.

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Equitable Rewards, Directly from the Blockchain

Earlier, crypto.news reported that Graphite Network is the first platform enabling transport (or entry-point) node operators to earn directly from its blockchain through a dual-layer node system. Entry-point nodes onboard transactions, earning 50% of transaction fees in @G, while authorized nodes validate blocks, earning 100% of fees for independent transactions and 50% for transactions involving entry-point nodes. 

This structure ensures fair rewards for both types of nodes, creating a secure, scalable, and incentivized network that transforms participation into an income opportunity. Marko Ratkovic, recently reiterated one of Graphite Network’s central visions, explaining:

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“One of our key goals is to democratize access to blockchain revenue streams. With our dual-layer node system, we’ve ensured that participants at every level can earn rewards while supporting the growth and security of the network.” 

Bank Integration Demo is closely tied to @G, Graphite Network’s native token, which is weaved into key operations across the network as well, including paying fees, verifying accounts, distributing rewards, and more.

By prioritizing reputation, trust, and scalability, Graphite Network offers a clear path for financial institutions to integrate blockchain responsibly — an approach that could help leaders like Donald Trump turn his vision of blockchain’s role in traditional finance into a reality.

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ADA Nears Major Breakout Moment

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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.

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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.

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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.

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

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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.

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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.

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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.

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